Financial Services

The credit crunch that began last summer will likely slow global chemical industry M&A in 2008, analysts say. Deals will continue to get done, but the value of those transactions will most likely fail to reach the level of 2007, a year fueled by several billion-dollar deals. However, the crunch could open the door for more chemical companies to emerge as buyers, as private equity firms that have carved out a strong position in the industry may find it difficult to find the highly leveraged financing they once so easily obtained, bankers say. “The credit...

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