Yesterday morning, as the final day of the month, August was set to go down as the worst month for mergers and acquisitions since Dealogic started keeping score in 1995. But then the big news came out: Disney was taking over Marvel Comics Entertainment Inc. in a $4 billion deal. And Baker Hughes Inc. bought BJ Services Co. for a reported $5.5 billion--a larger deal in terms of purchase price, but smaller in terms of headline grabbing. So thanks to "Merger Monday," August 2009 goes into the book as an active M&A month. So is the day of big M&A deals coming back? Fred Lane of Raymond James tells Blooomberg that, while we should not expect too many of the huge M&A deals that we saw before the recession, we should see more activity as there is a "certain degree of deals begetting deals," and M&As are a "good way to grow" in this economic climate:
Posted
09-01-2009 9:57 AM
by
Graham Griffith