“This is the busiest slowdown in M&A activity I’ve ever seen…”
Who said it : Steven Baronoff, global head of M&A at BofA,
In Context: Speaking at Bloomberg’s Dealmakers conference, Baronoff said that while banks are able, ready, and willing to finance deals, the hold-up is CEO’s concerns about the US economy, the debt crisis in Europe, presidential elections and the economic slowdown in China. According to mergermarket data, US M&A volume is down 8.4% year-on-year through October 25.
Where we found It: Forbes