Investment bankers see dealmaking lull storing pent-up demand

NEW YORK, Nov 8 - Some of the world's top investment bankers said on Wednesday that a drop in corporate dealmaking in 2023 sets the stage for a pick-up in activity once uncertainty around the global economy, geopolitical conflicts and regulatory hurdles subsides.

"CEOs and corporate boards do not need to have a very clear picture of what the future will look like, but they need a degree of stability," Goldman Sachs Group Inc global M&A co-head Stephan Feldgoise said at a Reuters NEXT conference panel."I'm reasonably bullish that this will return, but obviously it will be in fits and starts."

"You can see why some companies are saying, if I don't have to do this deal now, maybe it is more prudent to wait," Bank of America chairman of global M&A Steven Baronoff told the panel. JPMorgan Chase & Co global M&A head Anu Aiyengar pointed out these two deals were all-stock and said more companies are using their shares as currency to overcome acquisition targets' concerns about locking in a cheap valuation, which they would risk if they sold for cash.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Latest market-sensitive news and views(Kitco News) - Federal Reserve Bank of Minneapolis President Neel Kashkari said it is too soon to declare victory over inflation, despite signs in recent economic releases that price pressures are easing.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market news today: Stocks extend win streak as investors cling to Fed rate excitementInvestors are weighing whether the Fed is really done hiking as policymakers speak out.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

European shares rise on strong earnings, pharma boostMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »