When the going will get powerful, the powerful buy groceries.
When the going will get powerful, the powerful buy groceries.
I recall seeing that on a bumper sticker someplace. Nevertheless it may definitely apply to company America proper now, too. Many companies are selecting to develop income the old school means: by shopping for them.
Based on Dealogic, there have been 4,545 merger & acquisition (M&A) transactions within the first half of 2019, totaling $1.17 trillion. That is a 20% enhance from the identical level final yr – and probably the most energetic first half on report.
Barely per week has passed by with out some kind of wheeling and dealing. Thus far, there have been 22 mega-deals ($10+ billion) introduced, accounting for greater than $700 billion in greenback worth. That’s about one each twelve days on common.
A number of of my Daily Paycheck holdings have been concerned in these colossal offers. And I think M&A exercise will stay at elevated ranges subsequent yr. Whereas rising inventory market valuations have given some executives pause, funding remains to be low-cost and broadly out there. Plus, companies throughout each trade are aggressively courting companions…