The resurrection of M&AWith New York firms suffering everything from the collapse of transatlantic mergers to an unprecedented spate of closures and partner losses in Asia, the upsurge seen in the M&A market could only be good news. Antony Collins reports on the major events of 2003 affecting US firms
February 26, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
On 27 October, 2003, the US M&A market received a much-needed jolt of adrenaline. On that Monday morning, Bank of America announced that it was to purchase FleetBoston Financial for $47bn (£25.6bn).
The deal kicked off a wave of M&A activity, the likes of which had not been seen for years. Slowly, a chorus of whispers started to spread through New York claiming that maybe, just maybe, the M&A market was set for a comeback.
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