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US is merger mad despite interest rate fear.

Byline: Joe Lauria

Dec. 19--Recent mergers involving Sprint and Nextel, PeopleSoft and Oracle, and Johnson & Johnson and Guidant are capping off a resurgent year for worldwide mergers and acquisitions (M&As) that has overtones of the mid-1980s and mid-1990s.

December's numbers alone indicate a trend. The month isn't over but there have been $102.5 billion (53 billion pounds, 77 billion euros) in deals worldwide, surpassing last December's mergers, worth $97 billion. With a fortnight to go, 2004's global deals have totalled $1.7 trillion, compared with $1.3 t

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