J.C. Flowers & Co. Founder J. Christopher Flowers, KKR Co- Founder Henry R. Kravis, and General Motors Chairman & CEO Dan Akerson Join Line-up At Bloomberg Dealmakers Conference
NEW YORK — As recent volatility in the global equity markets is threatening to derail what was on course to be the best year for takeovers and initial public offerings since 2007, Bloomberg LINK will convene top investment bankers, chief executive officers and lawyers to debate the outlook for global mergers and acquisition activity at the Bloomberg Dealmakers Summit.
Announced global deal volume in the first six months of 2011 reached $1.27 trillion, according to data compiled by Bloomberg. If that pace continued in the second half, deal volume would top 2008 levels. As of August, global IPO’s raised more than during any comparable period since 2007 but still trailing 2007’s record $4 trillion in takeovers.
The Summit, to be held on Tuesday, September 27th at Merkin Concert Hall at Kaufman Center in New York City, will look at the possibilities for IPO and M&A recovery, the most active sectors, the outlook for cross-border mergers and the impact of the European debt crisis on credit markets and dealmaking.
“The Bloomberg Dealmakers Summit brings together Wall Street legends like Henry Kravis, Jimmy Lee, Marty Lipton and Glenn Hutchins who are changing the corporate landscape and have been behind some of the most talked about deals of the year from the government’s IPO of General Motors, to AT&T’s stymied T-Mobile takeover,” said Dan Doctoroff, Bloomberg President and CEO. “Our financial knowledge and analytical tools, coupled with our other platforms such as Bloomberg TV and News, enables us to produce conferences on the most important topics in business and finance, connecting decision makers like no one else can.”
“Following a particularly active first half in 2011, concerns over debt in the U.S. and Europe are contributing to a slowing of M&A activity, and many anticipate tougher regulations on the way for big mergers,” said Robert Bierman, head of Bloomberg LINK. “The Bloomberg Dealmakers Summit will convene at a critical time as players across the industry seek perspective as to what it’s going to take to succeed in private equity, M&A and corporate dealmaking in the coming months.”
Among other topics, speakers will address the future of mega deals; activist investing and poison pills; M&A in sectors such as technology, telecommunications, media, and pharmaceuticals; and how dealmaking in the United States will be impacted by the recent S&P downgrade and increased regulation on Wall Street.
Key speakers include:
- H. Rodgin Cohen, Senior Chairman, Sullivan & Cromwell, LLP
- Guy Hands, Chairman and Chief Information Officer, Terra Firma Capital Partners Limited
- Gary W. Parr, Vice Chairman, Lazard
- Wilbur L. Ross, Jr., Chairman and CEO, WL Ross & Co
- Nouriel Roubini, Chairman and Co-Founder, Roubini Global Economics, LLC
- Alan D. Schwartz, Executive Chairman, Guggenheim Partners
- Barry S. Sternlicht, Chairman and Chief Executive Officer, Starwood Capital Group
The conference is being sponsored by Bank of America Merrill Lynch and Guggenheim Funds Distributors, Inc.
For more information on the program and speakers, please visit: http://www.bloomberglink.com/deals-ny.
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