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While many organizations are struggling, there are enterprises with strong balance sheets and good recent economic performance that are well positioned for exercising inorganic growth options and should find the current environment highly conducive to creating value from acquisitions. In fact, acquisitions during a recession actually can create greater value and impact for three reasons. First, the "Entry price" - the cost to gain access to the stream of cash flows, market segment, capability and synergies from the acquired business - is often much lower, as companies' market capitalizations have dropped around the globe to levels around 40 - 70 percent below where they were just a year ago. Second, due to the lower values, organizations are able to go after targets that were formerly out of reach.
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