Aggressive consolidation, both domestic and international, is the main item on the strategic growth menu for a majority of U.S. firms, according to the latest Association for Corporate Growth (ACG) survey on M&A trends. The on-line survey, the second one the company has conducted, showed that 69% of respondents expect their companies to grow through acquisitions in 1999. More than half of the 208 respondents anticipated expansion into international markets via M&A activity. According to Conrad Tuerk, president of ACG, this means Europe, since the Asian economy is not an M&A hot spot at present.

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