New York (May 14, 2004) -- Companies are increasingly using alliances as an alternative to higher-risk mergers and acquisitions in an effort to meet their business goals, according to a survey by PricewaterhouseCoopers' Transaction Services Group.

The survey of senior finance executives found that nearly two-thirds of respondents are more willing to strike alliances now than they were three years ago. One-quarter expect alliances to be much more important than M&A in three years, and 16 percent believe that they are already are.

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