Thursday, March 23, 2006

Surf's Up

Ebullient investment bankers, still celebrating a bumper year of merger activity in 2005 when deals worth some $1.1 trillion were completed in the US alone, are sanguine that 2006 will generate even bigger advisory fees as the M&A wave gathers strength. A key reason for their optimism is the anticipation that corporate buyers will finally rejoin the party.

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