M&A Deals: Billion Dollar Fools GamesGuest Post
M&A Deals: Billion Dollar Fools Games by Christopher Pavese, The View from the Blue Ridge
"There are many well-documented examples of complacency in today's global capital markets, but one particular alarm, too often overlooked by investors, has been persistently ringing louder. Investor's insatiable appetite for higher yielding, lower quality debt is the driving force behind the current buyout boom in which private-equity firms gobble up corporate stock and finance the acquisition with heaps of new debt. But . . .
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