Perella speaks: All’s well in strategic M&A

[Joelle]

Perella speaks: Allââ,¬â,,¢s well in strategic M&A
      

So far in 2008 M&A activity is down. A lot.
The decline, as expected, reflects the drought of leveraged buyouts after Wall Street banks stopped providing cheap debt. And that in turn turned off the LBO revenue tap for big Wall Street banks.
Yet boutique bankers, at least those that never financed big buyouts during the boom, [...]
         

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