Merger & Acquisition Report | April, 16 2018

GAMCO Research Analyst Ryan Kahn gives us a M&A update for 4-16-2018

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Transcript:• For the first 3 mo’s of 2018, deal volumes totaled $1.2T globally – this is a record-breaking 1st quarter
• We continued to see large, mega deals driving volumes. The actual deal count dropped 11% YoY
• Cross border activity continued to be strong with a wave of outbound European acquisitions
• Chinese cross-border M&A was muted again in Q1, a result of new political and regulatory frameworks globally
• And in terms of industry specifics, Energy & Power, Industrials, and Healthcare were the most active sectors

• The ingredients for a strong M&A environment are still present
o Interest rates remain low
o Cash on corporate balance sheets is still at record highs
o Financing is widely available
o And definitive tax reform has given executives the certainty they need to do deals
• We’ll continue to monitor the deal flow and invest in those transactions where the risk/return is attractive and we think we can safely make a return for our clients

Source: Gabelli TV (via YouTube)
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