May 29 - Deal Journal Blog (WSJ) - While Barack Obama predicts his own victory in the Democratic presidential primaries as of June 3, deal makers fret about whether a Democratic administration would mean never being able to do a big M&A deal again.
US Airways and United Airlines, for instance, said today that they are pedaling as fast as they can to get a deal done before the Bush administration leaves. Are their fears justified?
If you go by the rhetoric, yes. Read More.
May 12 - Washington Technology - Since 2004, the price-to-performance multiples of publicly traded government technology services companies have trended downward, while the valuations of mergers and acquisitions have held their ground. Is this an anomaly, a reflection of the — until recently — easy money market conditions, or are there other factors at work? Just as important, is it rational, sustainable and likely to continue through this year and the next?
Although these questions were raised in 2007, the credit market turmoil in the past six months has prompted renewed examination of expected trends in transaction volumes and pricing levels. The impact of equity prices and debt market trends is not uniform. Read More.
