And, yes, many modern-day moguls have become superrich from consolidation. A prime example is Wayne Huizenga. Through consolidation, he built Waste Management and Blockbuster Video. At Waste Management, he bought one hundred companies during a nine-month period. He said it often meant eating breakfast, lunch and dinner at three different cities on the same day.
Consolidation requires tremendous dealmaking skills.
Well, there are actually signs of this already. Although, it was not difficult to get approval for the deal. As the name implies, this is the leading online pharmacy. While FogDog's stock did pop on the announcement, the stock has since fallen back. In other words, consolidation plays can be tricky.