Merger Bubble May Burst as Record Goodwill Piles Up: Real M&A

Updated on
  • S&P 500 members carry $2.5 trillion of goodwill, a new high
  • Overpriced acquisitions could lead to future writedowns

The biggest threat to U.S. stocks right now may not be China, currencies or commodities prices. It might be American companies’ own merger appetite.

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