Tuesday, December 28, 2010

My brother told me recently...

...that M&A activity would be brisk in 2011. Jia Lynn Yang (above), of the Washington Post, agrees:

Conditions are ripe for a comeback in mergers and acquisitions because U.S. companies are holding a record nearly $2 trillion in cash. They have been hesitant to use these massive piles of funds to hire as they wait to see whether the economic recovery picks up more speed. Instead, this year they've been making safer bets: buying back stocks to help boost their share prices and spending money on modestly sized mergers.

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