Things are rather quiet on the M&A front.
Market this year has been dominated again by action/speeches by central banks/fed.
Japan was particularly interesting with a meteoric rise from Dec till May. Although it came back a in the last week of May.
I believe the rise in indices around the world would continue into the 2nd half of the year, thus making Merger Arb strategies look less interesting.
Hopefully closer towards the end of third quarter, confidence will return to corporations to chart their growth through M&A actions (from an Asian markets perspective)
hey nice blog. do you have a view on why guoco (53 HK) failed and what's going in CR Gas (1193 HK) and CR Power (836 HK).
ReplyDeleteAgree though that things are rather slow now unfortunately. BBG was a disaster but managed to get out at ~$1.00 when the 2nd bid was announced in Feb!