From The Desk Of
CW Insider, May 17: Deal Recovery
2:06 PM MDT | May 14, 2010 | Robert Westervelt
Recovery is also brightening deal prospects in the chemical sector. About $4.5 billion in deals were completed in first-quarter 2010, up from just $300 million at the trough of the financial crisis in first-quarter 2009, according to data from Young and Partners (Y&P; New York). The value of announced but not closed deals at the end of the first quarter was $19 billion, up from $6.3 billion at year-end 2009. The upward trend shows that M&A activity continues to improve, says Peter Young, president of Y&P. Surprisingly, private equity appears to be...
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