DealZone

Tulane M&A Conference: Live coverage

Get live coverage from the M&A and corporate law conference by reporter Jessica Hall.

Signs of hostility

Want an early sign of the end of the financial crisis? Look for hostile deals.

“The end of down cycles tends to be marked by a significant increase in hostile activity,” said Steven Koch, co-chairman of M&A at Credit Suisse.

So if you start to see a lot of hostile deal activity, “it is probably the beginning of the end,” Koch said during a panel discussion at the 21st Tulane Corporate Law Institute in New Orleans.

Koch said some three-fourths of inquiries about possible deals coming to him these days from clients were about companies that were trading at depressed stock prices (as of course the vast majority of companies are these days).