Market Swings and M&A


S&C partner Frank Aquila was interviewed for Financial Times Due Diligence article “Sell-off due to fragile trade truce could spur M&A turning point,” published December 6. “There is no direct impact on transactions, however, the uncertainty that the trade war and the potential for escalation of the trade war has on the economy has created uncertainty… [a]nd uncertainty ultimately is what kills all deals,” Frank said in discussing the impact of recent market swings on deal activity. The article further discussed recent developments in US-China trade relations and ensuing market implications, what to expect in M&A trends as they relate to market volatility and updates to major M&A deals worldwide, including IBM's $33.4 billion Red Hat acquisition announced October 28, 2018.