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November of misery for M&A, capital markets

Started by Joelle, December 04, 2008, 01:00:31 AM

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Joelle

November of misery for M&A, capital markets
      


More bad news came streaming into the M&A and capital markets worldwide in November, according to Thomson Reuters’ snapshot of the month.
IPOs showed fleeting signs of life, follow-on offerings by capital-starved banks remained robust and investment grade bond issues remained strong, but M&A activity reached new lows worldwide and high yield corporate bonds fell to nothing.
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