($GS) Look Who Just Showed Up to the Takeover Party
by Robert Williams, Publisher
Don’t look now, but mergers and acquisitions are back in a big way. September saw roughly $50 billion worth of deals announced involving U.S. companies – an 84% increase over August.
In fairness, we’ve only seen $12 billion worth of private equity deals inked so far this year – a pittance relative to the go-go days of 2007, when U.S mergers topped an insane $1.2 trillion in deal volume. ($280 billion in private equity deals were completed by this point in 2007.)
Nevertheless, a rebound is taking hold.
Even the wonks over at Goldman Sachs (NYSE: GS) agree…
“A combination of rising global GDP, improving equity sentiment and CEO confidence augur a significant pickup in M&A into 2010,” asserted Goldman analysts in an interview with Bloomberg.
Their assessment is quite right. It’s just a little late…
Recall, we already predicted a rebound in M&A market activity back in August and which area M&A activity was most likely to occur in early September.
Let’s check in with our resident takeover specialist Louis Basenese to find out which sector is ripe for consolidation today.
Ahead of the tape,
Robert Williams
View original at: Investment U
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