M&A: The Good, the Bad, the Uncertain

The year 2012 will start as an uneven one for financial markets, as the euro crisis casts its shadow over the global economy and some segments of the bond market. Yet while sovereign debt has been the subject of much anxiety, corporate balance sheets remain quite healthy, and bright spots remain in the global economy. On the plus side, sources say the M&A outlook is fairly robust. Assuming the euro crisis does not turn into anything worse than a mild recession—the current base-case, economists say—“a slow first-quarter and a pick up later in...

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