Hey M&A Bankers, Trump Won
According to Bloomberg on March 29, 2017, “A year ago, a Donald Trump presidency didn't appear all that likely. So it felt almost as if Wall Street's dealmakers were speaking of an extreme--perhaps even amusing--hypothetical when they picked the ‘Art of the Deal’ author last March as the best candidate for mergers and acquisitions…During Donald Trump's first couple of months as president, M&A has slowed. But dealmakers are confident his proposals for taxes and regulation will reignite things…”
While Trump very well may loosen regulation that could open the floodgates, uncertainty is the biggest killer of takeover activity. CEOs--at least in the US--still appear cautious, trying to figure out what exactly his presidency will mean for business and the economy longer term… As for the Trump takeover frenzy, still waiting.
To read the whole article, go to: https://www.bloomberg.com/gadfly/articles/2017-03-29/m-a-bankers-got-their-wish-with-trump-but-not-the-deals