M&A deals are becoming more expensive. Is the market overstretched?
July 28, 2014
With interest rates at historic lows and stock markets in record territory, a lot of merger and acquisition (M&A) deals are being done. This boom in expensive M&A activity also indicates that the market is overstretched
William Gamble
One of the laws of finance is very simple. If investors have too much money, they do not spend it wisely. This should be obvious to anyone, but a central banker. But since central bankers have devalued money, it has less value and is spent foolishly. One more recent example has been the boom in mergers and acquisitions.