January 3 - Reuters - Wall Street's fees for brokering mergers and acquisitions are likely to drop about 20 percent this year, reflecting a weaker economy and the difficulty of financing for leveraged buyouts, Sanford Bernstein analyst Brad Hintz said on Thursday.
"Merger and acquisition activity has historically been correlated with favorable economic conditions," Hintz said in a research report. The most recent boom in M&A also was driven by several years of cheap and easy debt, which allowed leveraged buyout firms to pursue deals of an unprecedented scale. Read More.
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