What Recent Deals May Say About M.&A.’s Future

NYT DealBook, October 18, 2010, The Deal Professor, Steven M. Davidoff:
Where is the market for mergers and acquisitions going? After a summer of prominent deal announcements and increased M.&A. activity, investment bankers are speculating that the market will grow 15 percent to 30 percent in the next year. Bankers tend to talk their book, but this time it looks like the market is likely to support a modest upswing, albeit one not as big as the bankers hope for.
While many chief executives continue to remain wary of M.&A. transactions and the risk they entail, credit today is relatively easy and cheap, providing real incentives to make asset purchases. But whether or not the upturn is coming, the more interesting question is what this market will look like over the next year.
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