Monday, January 28, 2008

Does the crunch mean M&A is dead and buried?

January 28 - Telegraph (U.K.) - Looking out of their windows across London's grey skyline, investment bankers are now wondering where their next deal will come from.

With both debt and equity markets in chaos, the start of 2008 is a far cry from the heady days of early 2007, when top financiers were cooking up bids for some of Britain's largest companies and confident management teams and private equity dealmakers were all too eager to press the red button.

As world stock markets tumbled at the beginning of last week, "uncertainty" had become the vogue word among the City's top dealmakers. That does not bode well for the mergers and acquisitions industry, which thrives on the confidence of company boards to sign off on a deal. Read More.

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