DealZone

Noted: 1 in 3 on acquisition trail, E&Y says

November 12, 2009

ey-capital-matters-graphA large Ernst & Young (E&Y) survey finds plenty of appetite for acquisitions, but also finds many companies feel constrained in their dealmaking, and one in 25 is simply “focused on survival”:

“Most companies believe the time is ripe for deals, but only one third have the strength and agility to snap up “once-in-a-lifetime” acquisition opportunities in the wake of the credit crisis, according to a global survey.

Ernst & Young, which quizzed 490 top executives from “major industry players” across 32 countries, said 33 percent were likely or highly likely to buy firms in the next 12 months, with 25 percent expecting to bid in the next six months. There were no data on the size of possible targets.”

For the full Reuters story, click here.

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