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Value Seekers Pour in Billions as UK Mergers, Ac...uisitions Revival Heats Up.

By Bernard O'Riordan, Evening Standard, London Knight Ridder/Tribune Business News

Jul. 22--The City seems to have forgotten about the traditional summer slowdown. For the first time in years, the only thing hotter than the weather has been the frenzy of mergers and ac...uisitions as cash-rich companies look to pounce on undervalued rivals.

Dozens of big-name deals worth several billion pounds are fuelling hopes the three-year bear market may finally be nearing an end.

Rebounding share prices, lower interest rates and improving business condi

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