M&A Market Predictions

August is turning out to be a crazy month for M&A activity.  This is somewhat surprising given that August is not usually known as a month with booming deal activity.  So what is the currency of choice in this activity?  Cash, cash and more cash.  According to dealmakers “Cash on corporate balance sheets is at historically high levels and interest rates are expected to remain low.”  Some are even predicting a revival of the M&A market.  But, according to the NY Times Dealbook, the boom in M&A activity may not be sustainable: “it will take a broad pickup in the nation’s economic growth before merger mania can really take hold."

Overall, the busy August is likely a positive sign for law students eager to do deal work.  Of course, this isn’t 2006 or early 2007, but I am optimistic!

-AA