Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT Audit :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: cpt :: articles on VAT and GST in India :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: TDS
Mergers and Acquisitions »
 In M&A, ratings soft-pedal risks in borrowing binge
 Harvard Business School To Examine Mergers And Acquisitions In New Executive Education Program
 India Inc In Deal-Making Mode; Mergers & Acquisitions Lead The Way
 S&P 500 Futures Rally on Major Mergers and Acquisitions
 The Role Of Brand In Petroleum Mergers And Acquisitions
 Mergers and Acquisitions: What Happens After the Announcement?
 Agency mergers and acquisitions continue to be strong for first-half 2016
 The Intricacies Of Financial And Legal Relationships In M&A
 3 integration considerations for Mergers & Acquisitions
 Mergers and acquisitions take centre-stage as funding for start-ups dries up
 Mergers and Acquisitions reach highest quarterly value in India

Mergers, acquisitions: Slow, with signs of life
October, 26th 2009

Call it the deal-less recovery.

Despite an uptick in stock offerings, investment banks with strong ties to Minnesota advised a paltry 29 mergers and acquisitions in the third quarter, only two more than the previous three months, according to the Star Tribune Quarterly Deals Report.

For the first nine months of 2009, local banks managed 86 M&A deals, down 52 percent from the same period a year ago. RBC Capital Markets, normally a prolific deal maker, reported no mergers and acquisitions in the quarter.

Minnesota's stagnation mirrors the nation's: 1,679 deals in the third quarter, two fewer than the second quarter, according to Dealogic. So far this year, the country's investment banks collectively advised 5,217 mergers and acquisitions, a 22 percent drop from the first three quarters in 2008.

The dearth of deals suggests, despite early signs of an economic recovery, companies still can't access credit.

"The institutional [credit] market is locked up, not available," said Jon Salveson, head of investment banking for Piper Jaffray & Cos. in Minneapolis. "Acquisitions are still quite tough."

Still, Salveson sounded upbeat: Initial public offerings (IPOs) are showing signs of life, thanks to a surge in the stock market. Since early July, the Dow Jones industrial average jumped 22.4 percent to close Friday at 9,972.18, while the S&P 500 index rose 23 percent to close at 1,079.60.

Minnesota banks' IPO output this year (15) already matches all of 2008. Nationally, banks underwrote 13 IPOs in the third quarter alone -- more than the previous two quarters combined.

"The pace is quickening," Salveson said. "The fourth quarter will be even better. It could even get back to normalized levels."

Piper Jaffray helped underwrite the $931.5 billion IPO of Starwood Property Trust Inc., a real estate investment firm in Greenwich, Conn., and the $422.5 million debut of Emdeon Inc., a health care software developer based in Nashville.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions