Written by Thomson Reuters
Tuesday, 24 August 2010 16:22
Franklin Templeton expects mergers and acquisitions at US companies, especially in the technology sector, to accelerate, as large firms are seeking fast growth, are bulging with cash and valuations are still cheap.
“We are in that early stages of what we see is an M&A cycle,” Grant Bowers, vice president and portfolio manager, who helps manage the US$932 million ($1.3 billion) Franklin US Opportunities fund, told Reuters in an interview.
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