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Deals ‘on Pause’ as CEOs Wait for More Certainty, Baronoff Says

  • Bank of America M&A chair says pipeline slowed in past month
  • Lack of clarity on tax, heath-care policy didn’t slow 1H deals
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BofA’s Baronoff Says Market’s Rewarding Growth via M&A

Dealmaking activity has slowed in the past month as companies await regulatory certainty on U.S. policies from health care to taxation, according to one of Bank of America Corp.’s top deals bankers.

“The last month or so I’ve seen people putting transactions on hold a bit, slowing down,” Steve Baronoff, the bank’s global chairman of mergers and acquisitions, said in an interview Monday on Bloomberg TV. “They’re not stopping their transactions but just putting them on pause -- let some of this uncertainty go through.”