Predix: Backlogged M&A pipeline will burst in 2024
19/12/2023 14:27
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
By Jeffrey Goldfarb
NEW YORK, Dec 19 (Reuters Breakingviews) - Even normally
chipper bankers are wary as merger activity heads for a second
straight drop from its $5.7 trln peak in 2021. And yet
stabilizing capital costs, bulging cash reserves and adjusting
valuation mindsets should help spark enough pressure to ignite a
deals resurgence.
Full view will be published shortly.
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CONTEXT NEWS
Chevron said on Oct. 23 that it had agreed to buy rival Hess
for $53 billion, following an Oct. 11 announcement from Exxon
Mobil that it was acquiring Pioneer Natural Resources for about
$60 billion. They were the year’s two biggest M&A deals of 2023,
as of Dec. 5.
(Editing by Jonathan Guilford and Aditya Sriwatsav)
((For previous columns by the author, Reuters customers can
click on GOLDFARB/
jeffrey.goldfarb@thomsonreuters.com; Reuters Messaging:
jeffrey.goldfarb.thomsonreuters.com@reuters.net))