Despite stock market turmoil in the first quarter of 2016,
US counsel believe last year's M&A mega-cycle will
According to a recent memo from
Wachtell Lipton Rosen & Katz, global M&A volume in
2015 exceeded $5 trillion. That’s a record high
and, as the note suggests, it's a trend the memo suggests will
continue this year.
The factors that shaped M&A over the past 12 months -
healthy corporate earnings and cash balances, high stock prices
and attractive debt financing for well-capitalised borrowers,
to name a few - all remain during the new year.
"It doesn’t feel like there’s a
let up in the M&A market so far in 2016," said Adam
Emmerich, partner at Wachtell and lead author of the memo.
Wachtell Lipton Rosen & Katz One third of 2015
volumes were cross-border deals, and approximately...