Citing data compiled by Thomson Reuters, The Financial Times has reported that bankruptcy-related M&A deals have hit their highest level globally since August 2004. With the economic downturn forcing more companies into sales of distressed assets, it seems likely the trend will continue.
“We’ve only just begun,” Skadden Arps Slate Meagher & Flom restructuring co-chair Gregory Milmoe told the FT. “Given the dearth of capital and the substantial increase in the number of companies that will be troubled, one would expect the M&A rate to increase dramatically.”
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