Frank Aquila Expects Increase in M&A Activity in 2010 (Bloomberg Radio)

January 9, 2010

Mr. Aquila was interviewed on Bloomberg Radio about the mergers and acquisitions market outlook for 2010. Mr. Aquila predicted that there will be a high volume of deal activity, both in the United States and internationally. This increase will be fueled by two trends: companies with too much debt that need to sell capital or be acquired; and global enterprises acquiring U.S. companies while the value of the dollar is still fairly low. He noted that particularly active sectors will be financial institutions – especially in light of continued consolidation in financial services – energy, consumer products, real estate, construction and entertainment. Mr. Aquila also discussed unsolicited bids and said that he expects them to increase throughout 2010 by acting as a platform to strengthen corporate strategy.