Cash-rich firms buying small rivals sustains M&A-study
Date: October 28, 2008
AMSTERDAM, Oct 23 (Reuters) – Cash-rich companies that do not depend on bank financing will continue to buy up smaller rivals, helping to sustain M&A activity over the next six months, according to a study released on Thursday.
M&A activity will also come from companies who are forced to trim down operations due to the economic downturn or private equity firms selling companies as they breach debt covenants or get hit by a worsening global economy, M&A advisors said.
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Source: Reuters
