Brunswick study reflects glimmer of optimism at M&A future

A Brunswick Group survey of 30 Wall Street bankers and lawyers found that a majority (52%) think the M&A market is "in a trough" that...

A Brunswick Group survey of 30 Wall Street bankers and lawyers found that a majority (52%) think the M&A market is "in a trough" that will turn around by midyear. Forty-one percent agreed with the statement that "We are moving into a recession - it will take up to five years to return to the level of M&A activity we saw in 2007."

Federal Reserve Chairman Ben Bernake spoke in Washington this morning, indicating that there would be problems for the first half of the year, but would go no further than that. So we'll have to wait and see which group proves correct.

The survey also found that 70% of respondents would be more reluctant to advise a company's board to sell to a private-equity firm, and 87% of those polled think corporate mega-deals will replace big private equity deals.

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