Frank Aquila Discusses Forecast for Deals in Reuters Article

September 24, 2010
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Mr. Aquila was quoted in a September 24 Reuters article titled, “Deals Return in Q3, but outlook still cautious.” The article explored the deal forecast following the busiest August for M&A in more than a decade. “Francis Aquila, a partner at Sullivan & Cromwell, said all the pieces are in place for dealmaking: companies have plenty of cash and strategic interest in doing deals and debt is available at low costs. Meanwhile, equity valuations are relatively low, and acquisitions can help companies expand and fill revenue shortfalls as the economy continues to globalize,” the article reported. What is still missing, Mr. Aquila said, is confidence in the economy, which will be necessary to spark more deals.