The Return of Mergers and Acquisitions Is Real
In December, we projected a significant pick up in mergers and acquisitions activity in 2013. The thrust of our conviction was that the solving of the fiscal cliff and the macro economic progress in Europe, the U.S. and China were supplying the one key ingredient that had been absent during the past two years: confidence.
While a month and a half does not a year make, clearly the year has started strongly for M&A, and we believe that this is just the beginning of what will turn out to be a very active 2013. Granted, there have been those naysayers who point out that three of the most visible recent deals are one-off events. While it is true that Dell (Dell), Heinz (HNZ) and the Office Depot (ODP)/Office Max (OMX) merger are each special situations, much the same can be said about many deals over time....643 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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