“People say there’s no distressed debt. Well, there is; it’s just not trading at distressed prices”
Soren Reynertson of UBS on the false market in distressed debt (see Clever ways to do the dumbest things, December 2006)
“I went to an amazingly boring day-long conference yesterday which had all the usual consultants being paid millions for stating the bleeding obvious. Helpfully, Accenture told us that if you’re planning a cross-border acquisition, you should do your homework on your target”
An analyst takes a cynical view on the role of M&A advisers
“Infrastructure in continental Europe has always been a bit of a chicken-and-egg situation.
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