Summary
You are still seeing deals getting done but it is firms buying each other
AS CITY traders and investment bankers gather for their early morning meetings on Tuesday, Bank Holiday banter is likely to be kept to a minim- um. A summer of turbulence in the global markets will have done enough to weaken the spirits of even the most optimistic trader. At the forefront of their minds will be the effects of a credit crunch which threatens to pull down the curtain on one of the City's most successful acts: mergers and acquisitions.See the full content of this document
Extract
Deal or No Deal?
Already big ticket deals such as the GBP 7bn auction of Cadbury Schweppes' US drinks business and the impending tussle for Virgin Media have been stalled by a series of financial obstacles. On Wall Street there is speculation that US private equity firm Kohlberg Kravis Roberts has postponed its dollars 1.25bn (GBP 623...
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