More of the same.

This article focuses on several recent profitable corporate mergers and acquisitions in the U.S. which were guided and arranged by Joseph C. Fogg, founding member of Morgan Stanley & Co. Inc.'s mergers and acquisitions department. According to Fogg, the current wave of mergers in the U.S. is a result of deregulation in the financial services, transportation, telecommunications, and energy industries. Recently, the $13.2 billion merger between SoCal Gas Co. and Gulf Oil Corp. has been advised by Fogg. This takeover is expected to bring Morgan Stanley $16.5 million in fees. Thus far 1984, Morgan has been involved in likely-to-be-completed transactions valued at $26 billion, up from only $9.9 billion for all of last year and $8.5 billion in 1982.