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Agency Consolidation Picking Up SpeedA 2004 midyear review of announced agency consolidation statistics indicates that the pace has increased markedly over prior periods. Through June 30, 2004 announced agency transactions totaled 117, representing 64 percent of the total announced deals reported for 2003.

It remains clear that this accelerated pace of consolidation should continue into the foreseeable future. To put the pace of agency acquisition into perspective, a straight line projection of 2004 announced transactions would result in a total of 234 transactions representing a 29 percent increase over the 182 announced in 2003. This projected transaction total is higher than any other period dating back prior to 2000.

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