Beneath the hype and bombast, the market has already slowed considerably
With all the press surrounding the seemingly endless stream of audacious corporate bids – Alliance Boots, ABN Amro and EMI among them – it might seem incongruous to ask, but how busy is the M&A market?
Scratch beneath the surface and a different picture from the flashy takeover headlines begins to emerge. Partners at firms of all sizes are privately conceding that the mid-market that underpins most firms’ revenues is currently only chugging along.
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