Credit Crunch to Slow Pace of M&A in Second Half

Chemical industry M&A activity was healthy during the first half of the year, but the credit crisis that began in July and stretches across many industrial sectors will most likely cause a slowdown in the rate of announced deals for the rest of the year, says investment banking firm Young & Partners (Y&P; New York). Financing may not be available to fund new multibillion deals, Y&P says. “Deals are in the works, but financing has stalled,” says Peter Young, president of Y&P. Young: Credit crises has stalled financing. About $15...

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