The Allen & Overy M&A Index — H1 2013
With fresh economic concerns denting confidence and an eruption of political protest in the Middle East and Latin America, it is hardly surprising that deal markets remain quiet. Market turbulence is deterring some investors, but others are determined to be bold.
For many months, economic and political uncertainty have overshadowed the global mergers and acquisitions (M&A) market and masked the fact that conditions for completing transactions have actually improved in many markets.
But the second quarter of 2013 provided us with a salutary lesson in the importance of ‘not counting chickens’. No sooner had one set of uncertainties begun to subside — notably those surrounding the future of the euro — than a new set of worries marched in to take their place…
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