M&A market optimism is hard to come by these days, but we managed to eke a
little out of Gerald Adolph, who heads the merger and restructuring group at
Booz & Co. In this edition of Inside The Deal, he tells The Deal's Suzanne
Stevens that while new deal activity has slowed, he hasn't seen an inordinate
number of his clients shelve deals already in the works. Adolph also wrote a
column for
The Deal
newsweekly, in which he says strategic buyers with strong balance sheets are
shopping for steeply discounted assets, particularly in industries where the
stock of buyer and seller are moving in tandem. While Adolph doesn't expect new
deal announcements to pick up through year's end, he is optimistic about deal
activity, particularly among sellers, in early 2009.
Juergen Lasowski
And the winners are...
