Record M&A activity was happening before all of this hit the fan. Now it looks like we will see decreased M&A, along with tougher loans for those who truly are growing their businesses.
There is more here than just a headline.
Right - and a lot of the M & A activity was based on very unrealistic prices due to readily available cheap credit. A business looking to expand, with sound financials, will get credit - it might just be a bit more expensive.
The M & As that make financial sense will still occur.
The thing none of us like is that the “takeover premium” on dozens of companies’ stocks will go away, making the bull market a lot less bullish.