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2014 Deals Will Be Less Chainsaw, More Scalpel

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By Darren Barbee, Hart Energy
April 4, 2014

A quarter into 2014, it seems this will not be the year of the megadeal.

So far, deal flow hasn’t taken a sharp upturn from last year. However, deal activity is expected to be steady as companies consolidate core businesses, grow geographically and get their hands on new technology, according to the 2014 M&A Outlook Survey issued by KPMG LLP.

Overall, several respondents said they were focusing less on cost cutting and more on growth. “We are changing from divesting noncore operations to expanding new operating areas,” an oil executive ...

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