Executive Caution Leads To Lull in M&A Markets

The outlook for chemicals M&A for the remainder of this year is characterized by uncertainty and caution, especially related to the eurozone crisis, industry bankers say. “The [crisis in the] European Union is causing people to sit back a little and see how things are going,” says Sean Gallagher, managing director/global chemicals group at UBS (New York). People in the industry “are a little cautious when it comes to Europe,” says Telly Zachariades, partner with The Valence Group (New York). Some ingredients for M&A are in place...

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