Mutual funds specializing in mergers and acquisitions are soaring on a windfall of recent corporate takeovers and buyouts amounting to more than $6 billion of transactions between the beginning of this year and Nov. 9, BusinessWeek Online reports.
Merger and acquisition activity has already racked up 6,891 transactions this year and outpaced the $538.1 billion generated last year and $433.5 billion in 2002. K-Marts recent $11.5 billion bid for Sears helped cement a strong year in the mergers and acquisitions market.
Fund managers like Regina Pitaro, who steers merger and acquisition portfolios at
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