“Cloudy With a Chance of Recovery: 2009 In Review and What To Expect In 2010” (The M&A Lawyer)

January 2010
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Mr. Aquila and Ms. Sawyer published an article, “Cloudy With a Chance of Recovery: 2009 In Review and What To Expect In 2010,” in the January 2010 issue of The M&A Lawyer. The article discussed the dismal financial beginnings of 2009, with the lingering effects of the financial crisis on M&A activity. As Mr. Aquila and Ms. Sawyer noted, the announcement of key deals such as Skype, Busch Entertainment and IMS Health signaled a sense of hope and the perseverance of deal financing. Looking ahead to 2010, the authors predicted that there will be many opportunities within the M&A and private equity sectors for both buyers and sellers. In support of this outlook, the authors pointed to studies which have shown that M&A deals during downturns yield higher returns than deals completed during upturns.