Come Together, Right Now

Entire industries, from railroads to banks, are being reshaped by a round of mergers that make the '80s look tame

Greed! Aggression! Corporate Intrigue! Betrayal! That's what you get when, say, a home-shopping channel wants to merge with a television network, right? Yet the juicy story line that usually comes with takeovers among media moguls is showing up in all corners of American industry these days. In fact, while the buzz is with Ted (Turner) and Larry (Tisch), the guys who are throwing real money around in their bids to consolidate belong to such unglitzy businesses as railroads and banks. Now it can be said: the '90s were never meant to be the decade of small appetites.

Just last week, American...

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