Optimism’s the Word as Bankers Look for Deals After Brexit Shock
ByDealmakers facing global turmoil in financial and currency markets since U.K. voters decided to leave the European Union are finding reasons to be positive.
The year so far has been a relatively gloomy one, with global mergers and acquisitions down 14 percent from the same period in 2015, when the market was on its way to a record, according to data compiled by Bloomberg. Companies held off on selling shares or making purchases as the uncertainty of the Brexit vote hung over big transactions.
Regulators also stepped in, quashing a number of high-profile mega deals. Pfizer Inc. and Allergan Plc in April terminated a $160 billion merger that would have been the biggest deal in drug industry history, after U.S. regulators proposed rules to cut down on deals that let companies lower tax bills by moving their tax addresses to a lower-cost regime…
Optimism’s the Word as Bankers Look for Deals After Brexit Shock
