#1 - LOVE IS IN THE AIR
Deal flow has been exceptional lately. Is M&A back on track?
Frank Aquila, Sullivan & Cromwell Partner and M&A specialist joins the panel for this conversation. Following is a summary of his main points.
Strategic buyers are really finding opportunity right now, reveals Aquila. Now that the financing markets are starting to firm up I think you’re going to see a lot more deals like Monday's Mars, Berkshire and Wrigley deal.
Why is that?
I think the financing markets are getting more comfortable lending to solid names like Mars, replies Aquila; companies that are relatively low risk. And they like combinations that make sense from a strategic point of view.
How about private equity deals?
They can’t do deals at the same level they were doing them last year, Aquila says. The leverage is not there. But they’re not out of the game. They’re smart guys and they’re going to try to do deals.
Traders, any plays?
If you have a penchant for risk get long Greenhill ahead of earnings, says Guy Adami.