James Dawson quoted on the recent slowdown in mergers and acquisitions in “‘09 had hookups on hold”Print PDF
James Dawson, a member of the firm’s Business practice, was quoted on the recent slowdown in mergers and acquisitions in “‘09 had hookups on hold” in The Boston Globe on January 13. The article notes that 2009 was the slowest year for mergers and acquisitions in recent memory with only 282 Bay State companies taken over, 13 percent fewer than in 2008. “Deals were still getting done, just not at the same pace,” Jim said.
With the economy improving, credit slowly becoming more available, and stock prices rising, M&A specialists predict much more deal-making in 2010. Jim notes that he is involved in several deals including one for a life sciences company and another for a technology firm. The improving economy, he said, is encouraging companies to take on more risk and sellers are gradually realizing they can’t command soaring prices of the past. “I think we’re going to see more deals as the credit markets free up and as sellers realize they are going to have to deal with lower valuations if they want to sell,” Jim said. “I think there is going to be a gradual increase in activity through the course of the year.”