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Companies that overpaid for acquisitions during the 1990s face two difficult options: writing down goodwill or deriving more value from current operations.
The late 1990s will undoubtedly go down in history as one of the largest economic booms in modern history. From 1996 to the latter part of 2000, companies grew at an unprecedented pace, stocks rose to unparalleled heights, and corporate and personal incomes increased to record-setting levels. But was this growth all good? Or did some companies overpay for it by merging with and acquiring companies at too high a price?
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