Disclosures of new industry consolidations are occurring almost weekly, or so it seems. Jeff Noddle, executive vice president of Supervalu, Minneapolis, said he believes the trend toward consolidation is partly the result of a me-too syndrome. "Consolidations feed off one another," he said. "When one company sees a competitor acquiring someone, he feels the need to balance that with an acquisition of his own." Phillip St. Georges, managing director of retail ventures for KPMG Peat Marwick, ...
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