Dealbook details how bad it has gotten in M&A:
“The thing about the last 12 weeks, … the world has completely changed,” Howard Lanser, director of mergers and acquisitions at investment bank Robert W. Baird, told Reuters. In the fourth quarter, merger volume plunged 44 percent, making it the lowest quarterly volume since the third quarter of 2004, Thomson Reuters data showed.
Based on those comments, it will be interesting to see how much worse this chart will look when 4th quarter figures are released (and it already looks ugly).
I do expect 2009 to be a huge year for M&A, if not just for firms to survive.
Source: Thomson Reuters