Law Daily Report

Breakingviews - M&A bankers, like cockroaches, survive everything

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Two years can seem like a long time. When Wall Street’s finest merger bankers and lawyers last convened in New Orleans for the Tulane Corporate Law Institute conference in March 2020, it was less than a week before cities across the United States first shut down to keep Covid-19 at bay. Stocks were plunging, but that didn’t stop advisers from clinking shared shrimp bowls while Centerview Partners founder Blair Effron touted the merits of special-purpose acquisition companies.

Two record years of deal activity later, the conference is hopping again, this time against the backdrop of war in Europe.

There are reasons to be glum. The S&P 500 Index is down 10% so far this year, and chief executives’ confidence, an important driver of deals, is down significantly from its record high in 2021, according to The Conference Board. American merger watchdogs are looking for reasons to block transactions. And at least one deal engine has come to a screeching halt: Just nine blank-check firms bought companies in February, compared to more than 40 in the same month last year.

Yet bankers and lawyers are glass-half-full types. In the past week, Amazon.com closed in on its deal to buy movie studio MGM, and Discovery

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 470. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis | Timeline: How two extremist groups planned for Jan. 6Details from Justice Department filings show the different tracks taken by the Oath Keepers and the Proud Boys before the Capitol riot. I cared about thus for as long as I could. Nothing and no one of consequence has been held accountable or punished. They win. I give up.
Source: washingtonpost - 🏆 95. / 72 Read more »