March 20, 2020
In the article, which discusses the M&A trends in the sector, Amm says the type of M&A seen was “cautious and conservative”. In the first nine of months 2019, M&A transaction activity by value was down 40% from the same period in 2018.
“The type of M&A [we’ve seen] is cautious and conservative for the most part, not huge premiums, a lot of stock deals and a lot of thought and recognition of what shareholders said in the last cycle,” he said.
“A lot of the acquirers had paid too much and had been too aggressive, there were high-debt write-offs and a lack of profitability.”.
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