Lower interest rates are expected to spur on companies looking to make a deal, although the election could slow processes down.
But at least some dealmakers think it’s coming time — soon — to see a little bit more of a strut from the industry, with the expected interest rate cut potentially accelerating mergers and acquisitions.
Private equity firms are sitting on $2.6 trillion in dry powder, or money ready to be deployed in a deal, according to S&P Global Market Intelligence. That’s up from less than $1 trillion a decade ago. “Around October and November time deals will likely come to a halt because everyone’s waiting and watching,” Crego said. “But before that, and then after that is what we usually see is the uptick, depending on if it’s a divided government or not.”
Outside of beauty, fashion and apparel has been a difficult space to get deals done in for years. And the biggest U.S. deal of the past year or so —That’s made players all around more cautious, although antitrust concerns were not an impediment to Hudson’s Bay Co.’s plans to buy Neiman Marcus for $2.65 billion and merge it with Saks Fifth Avenue.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Growing mpox outbreak could spur global emergency, health officials sayThe risk of mpox spreading in the U.S. remains low, but the CDC has put health care providers on alert as infections surge in Africa.
Read more »
Fire scientists say bigger, faster-growing wildfires expected in California: Here's what to knowScientists working on fire behavior say the Park Fire, sadly, is an indication of what the rest of this fire season could look like. We reached out to experts who expect more megafires to come.
Read more »
When police say 'stand back,' these states say how farSome states have passed minimum distance rules for when first responders warn the public to stay back. Journalism organizations say it's really about discouraging bystander video
Read more »
More homes available in fast-growing north Alabama cities as mortgage rates dipThe Huntsville-Madison County area had 2,610 homes on the market last month, according to new data from Valley MLS.
Read more »
Musk’s Influence On The November US Presidential Election Is GrowingNot sure that billionaire Musk's influence will affect the vote and exert control on Trump, who aligns with his interests? Read on.
Read more »
Tools & Technologies to Help Industry Leaders & Partners Meet Growing Energy DemandDOE Outlines Tools and Technologies to Help Industry Leaders and Partners Meet Growing Energy Demand
Read more »