US Massive Cash Hoard Abroad Could Drive European M&A
While merger and acquisition (M&A) activity hasn’t exactly taken off in the US, in Europe it has been completely flat for the last couple years despite having favorable market conditions (low valuations and interest rates) because companies have been focused on deleveraging (as have European banks, who haven’t been eager to lend). But American companies have about $974 billion in cash or . . .
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