M&A Premium Drops To 26% Following Market UpsurgeMani
The median YTD premium for U.S. mergers dropped to 26% from the 44% peak achieved in 2009, and the bid premiums in general are likely to be narrow as U.S. stock market is expected to maintain its upward momentum, notes Goldman Sachs.
David J. Kostin and team at Goldman Sachs in their report dated June 27, 2014, titled “US Weekly Kickstart”, notes U.S. mergers are on pace for a 50% growth relative to last year.
Falling bid premium
The Goldman . . .
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