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According to PricewaterhouseCoopers, M&A Outlook: Partly Cloudy, With Continued Volatility in the High Yield Market

    NEW YORK--Jan. 24, 2001--

Subject: 1) How fundamentals in the M&A marketplace are changing
    rapidly - and how this affects acquisition strategies, targeting,
    post-acquisition integration and strategic planning.

    2) How the deal process affects final outcome.

Relevant Media: M&A, Private Equity, Stock Market, Industry Beat
    Reporters (high tech, auto, oil, energy, etc.)

Source: Bob Filek, a Transaction Services partner at
    PricewatershouseCoopers, who has extensive experience in
    multinational transactions for clients in a broad range of
    industries.

Recent Client Advisories

- 2001 Forecasts on M&A, Oil & Gas, Power, Auto, Tech, Financial Services
- "Speed Makes A Difference" Survey
- Automotive Insights Survey
- Deal Flashes on FIN 44 and FASB/Pooling
Access advisories through (www.pwcglobal.com/transactionservices) and select either the "Publications" tab or "Issues & Trends."

    For more information, please contact:
    Joy Gramolini, PricewaterhouseCoopers
    joy.gramolini@us.pwcglobal.com
    Betty Schwartz, Miller DeMartine Group
    201.567.7783 or bschwartz@mdgpr.com

    PricewaterhouseCoopers (www.pwcglobal.com) is the world's leading professional services organization. Drawing on the knowledge and skills of 150,000 people in 150 countries, the organization helps clients solve complex business problems and measurably enhance their ability to build value, manage risk and improve performance in an Internet-enabled world. PricewaterhouseCoopers refers to the member firms of the worldwide PricewaterhouseCoopers organization.