Deals
M&A May Recover After Election, JPMorgan’s Lee Says
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Mergers and acquisitions in the U.S., proceeding at the slowest pace in three years, may pick up after the presidential election in November, JPMorgan Chase & Co. Vice Chairman James B. “Jimmy” Lee said.
“A lot of people are hoping that after the election, regardless of who wins, that a big cloud of uncertainty is going to be taken away,” Lee said at the annual Bloomberg Markets 50 Summit today in New York. “Next year could be the year” for a resurgence in transactions, he said.