A Bright Spot on the Horizon for Asian M&A
Uncertainty has continued to plague financial markets across the world this year and both equity and fixed-income deals have been difficult to execute. M&A seemed to be the bright spot on the horizon for the first half of the year as a number of Asia outbound deals were announced. In some cases it seemed that depressed valuations in subprime-affected markets coupled with private equity firms becoming less active as leverage dried up, was playing to the advantage of Asian acquirers. Targets were becoming cheaper and the competition was diminishing.
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