M&A Activity Downshifts in Tough Economy

Jazwinski, John
January 2009
Metal Center News;Jan2009, Vol. 49 Issue 1, p2
Trade Publication
The article reports on the decline of the merger and acquisition activity in service center industry particularly in the steel supply chain in the U.S. in times of recession. The decline is attributed to the low value of service centers and the difficulty in gaining access to bank capital that will support the transaction. Moreover, active buyers became more selective in the pursuit of acquisition and are employing transaction structures with a portion of post-transaction risk to sellers.


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