A survey by Brunswick Group LLC of U.S. investment bankers and lawyers generated some grim findings.
Although 52 percent of the respondents said the M&A trough could rebound by mid-2008, a hefty 41 percent agreed with this statement: “We are moving into a recession — it will take up to five years to return to the level of M&A activity we saw in 2007.”
Five years? That’s a dismal forecast from a group of investment bankers and lawyers who usually boast that their deal pipeline is full.
What’s ahead in 2012? It’s the year of the dragon, a symbol of wealth and power. That could be a good sign, but five years is a long time to wait.
Photo credit: Reuters
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[…] a little glum about the current state of M&A? Just wait. Reuters’ DealZone reports 2012 could be huge for deal making
- Posted by Deal Journal - WSJ.com : Afternoon Reading: Deconstructing Bear Stearns