On February 7, Mr. Aquila was a guest on Bloomberg TV's “Bottom Line” where he discussed the M&A outlook in light of the recent spike in deal activity, including the nearly $16 billion worth of transactions announced that day. What was particularly notable about the recent deals, Mr. Aquila observed, was their breadth in terms of size and industry. Such diversity is a “hallmark of a bull market,” he said. “That tells me the economy is improving, we're going to see a lot more M&A and I think that will have a spillover effect into the broader equity markets,” Mr. Aquila said.