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Mergers Are Back in Style with A Neumann & Associates
Mergers Are Back in Style with A Neumann & Associates
August 26, 2010 Small Business news in Atlantic Highlands,New Jersey, United States of America
According to A Neumann & Associates In New Jersey, mergers and acquisitions are on the rise this year and as the economy begins to streamline, many are expecting the trend to continue on an upward trajectory.
FOR IMMEDIATE RELEASE
Atlantic Highlands,
New Jersey,
United States of America
(Free-Press-Release.com) August 26, 2010 --
According to A Neumann & Associates In New Jersey, mergers and acquisitions are on the upswing in 2010 and more deals are being completed as the economy shows stability.
Mergers are back in style in NJ this year, with a sizable jump up from last year's numbers.
Recently quoted in a recent NJ Biz article that discusses this trend, Achim Neumann, President
of A Neumann & Associates, LLC (http://neumannassociates.com/) discusses this trend. Below is an excerpt from the write-up. The complete article can be read at http://neumannassociates.com/press/mergersroarbackafteraquiet09.pdf
Excerpt from NJ Biz article…
“Garden State firms were involved in 290 transactions, worth a total of about $13.8 billion, during the first half of 2010, according to data from FactSet Research Systems Inc. and Thomson Reuters.
During the same period in 2009, there were 248 New Jersey deals valued at about $114.3 billion — but that total drops to just $5.3 billion after backing out two outsized deals worth a total of $109 billion: Merck & Co Inc.’s $41.1 billion acquisition of Schering Plough Corp. and Pfizer Inc.’s $68 billion acquisition of Wyeth.
Nationally, U.S. companies completed 1,434 M&As, worth a total of $324.4 billion, in the first half of 2010; for that same period last year,1,224 deals, worth $392.1 billion, were completed, according to The Mergermarket Group. Some companies did not disclose the value of their M&As.
One M&A adviser said more companies seem to be backing away from using high debt levels to fund an acquisition. “I’m seeing some firms using up to 40 percent of their cash to finance a deal,” said Achim”
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