ST IVES' U.S. DIVISION -- Adding to the Equation

BY ERIK CAGLE

It has been said by many a merger and acquisition prognosticator that modern-day deals need to do more than bring aboard added sales dollars. Today's deals need a reason to exist.

Long before the September 11 terrorist attacks and the subsequent retaliatory strikes, the economy had been in a sustained, downward spiral. The Federal Reserve's slicing of interest rates has registered barely a blip on the radar screen. It doesn't take a newspaper or even an industry magazine to realize that there is a recessional fear and a disturbing degree of uncertainty gripping the nation.