After a record year for mergers and acquisitions, activity will dip this year due to a decline in transactions, corporate attorneys predict. "It is hard to be an optimist," Sullivan & Cromwell Chairman H. Rodgin Cohen said. "The markets hate uncertainty, and we are in an uncertain time." Attorneys hope that an increase in transactions by foreign companies and funds will continue. But they admit that these types of deals will not be enough to compensate for growing economic problems.
January 14, 2008 at 12:00 AM
1 minute read
After a record year for mergers and acquisitions, activity will dip this year due to a decline in transactions, corporate attorneys predict.
“It is hard to be an optimist,” Sullivan & Cromwell Chairman H. Rodgin Cohen said. “With the markets where they are, it is going to be a tough year. The markets hate uncertainty, and we are in an uncertain time.”
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