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NEW YORK – large transactions are a big deal again.

Caterpillar of Chevron to Google, some of the best-known names in America are small business pickup, finally put the piles of money they were sitting on use and are moving to a higher economic recovery.

Volume of mergers and acquisitions works still well short of what it was in 2007 before the great depression, but the breakdown by activity is a sign of economic vitality and shows that companies begin to get rid of some of their caution.?

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"Our pipeline is bursting," explains Robert Profusek, head of mergers and acquisitions in the law firm of Jones Day, who advised Continental Airlines when it was acquired by the parent of the United States for $ 3.2 billion. ""We are preparing an incredible M & A boom."

M & A volume reached $ 2.25 billion in the first 10 months of the year, an increase of 28% in the year dernière.Ao?t was highest month on file, 307 billion in transactions, more than double of August 2009, according to Dealogic, which keeps track of the data.October remained strong with transactions $ 202 billion, 32 per cent last year.

"This is an early indicator that moves of confidence", says George Geis, Director of the Faculty Executive program mergers and acquisitions at the University of California, Los Angeles.

Almost all transactions are companies buy with enterprises. private-equity of companies, which under the impetus of the boom of redemption of the last ten years have been only 8% of the acquisitions this year, compared to 23% in 2006.

Typical is Announces Caterpillar Inc. Monday that it will purchase Bucyrus International Inc. 7.6 billion dollars.Caterpillar, manufacturer of largest world construction and mining equipment, was seated on 2.3 billions of dollars in cash at the end of the third quarter.The acquisition allows Caterpillar add to its range of mining equipment, which is in high demand in emerging markets.

Week last Chevron Corp. said it would buy natural gas Atlas Energy Inc. for $ 4.3 billion, the oil company producer an entry in the rich gas fields in the eastern part of the United States.

Among other transactions for three months, manufacturer of SOAP Dove Unilever PLC bought the company VO5 Alberto-Culver Co. of 3.7 billion hair care, and Southwest Airlines Co. bought AirTran Holdings Inc. for 1.4 billion dollars.Médicament giant Pfizer Inc. has purchased pain King Pharmaceuticals Inc. of $ 3.6 billion drug manufacturer, and Google Inc. bought BlindType, a startup that corrects neglect tapping phones for an undisclosed price.

Agreements are past, in part because companies raised a record $ 1.84 trillion in cash on June 30, according to the Federal Reserve.It is 18 per cent more than a year earlier.

History: Caterpillar undertakes to purchase Bucyrus to $7 billion

Little business evoke as much excitement as the wheel and treatment.Mergers are a secret high-stakes, game and often reflect willingness an ambitious Executive to leave a personal stamp on the société.De this atmosphere is back f.l. ' agreement of Southwest Airlines-AirTran recent used secret codes such as "Falcon" and "cowboy" in the e-mails and documents exchanged between frames to keep their confidential interviews.

But unlike the dealmaking nineties and most of the years 2000, deals with the blockbuster ego-driven is rare.Most deals this year have been smaller and ducts in strategic decisions, emerging from the recession.

Each recession brings changes. Products and companies, sometimes become obsolete. Challenging the consommateurs.Moments tastes change lead innovation leading to new technologies and products.Companies that want to be ready for a better economy continued acquisitions because they are a quick way for holes in their businesses, said Robert Bruner, M & A expert and Dean of business at the Darden School at the University of Virginia.

A positive: contracts are less likely to cause mass lay-off that accompany mergers often and acquisitions.25 billions of dollars of Hewlett - Packard Co. address Compaq in 2001 helped at least 15,000 layoffs and acquisition of Bank of America Corp. of Merrill Lynch to the financial crisis has led to pieces of 35,000 jobs.

There is no doubt that newly combined businesses reduce redundant jobs.But they are not already seen mass scale because the deep recession dewatered to the fat of the labour force, Bruner said.

Chris Young, head of recovery defence to the mergers of Credit Switzerland Group & acquisitions unit, says more companies is ready to consider transactions that a few months ago.

"With the prevailing view is that the world is going to end, a Director would most concerned by the ensuring accumulate cash and get the House in order, rather than to make acquisitions," says Young.Maintenant, clients have stopped talking about recession double-drop to drop and has begun to discuss "how to restart the engine of growth."

Technology giant IBM Corp. has made 15 acquisitions this year, eight in 2009.Chacun is a region which has high growth potential.

"Choose us companies that will help us to fill a missing piece in our portfolio or expand what we already", says Steve Mills, senior Vice President at IBM and the architect of its acquisitions.

Co.M 3, which manufactures of post-it notes and the Ribbon, .CEO George Buckley said he would spend 2 billion on acquisitions by 2010, double the amount the year dernier.La range Ross reels at Arizant, fly fishing reels manufacturer acquisitions buying spree is a manufacturer of specialty medical products.

Google has made 20 acquisitions so far this year, compared with eight two years combined précédentes.La most acquisitions are rapidly growing areas such as smart phones and social networks.

Chief Executives of disparate companies too are pumping an atmosphere of anticipation .Cadres BMW AG and U.S. Bancorp say they are looking for opportunities.

"It is time to buy and position yourself for take-off, even if the risk of double-dip (in the economy),", explains Thomas Lys, who teaches mergers and acquisition of the Kellogg School of Northwestern University Management. "No guts, no glory.?

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