“Volatility is not M&A’s friend. Following a correction, sellers can’t help remembering the higher valuation they might have received a month ago”
Alex Stern, chief executive of financial advisory at Lazard, warns that recent equity market falls may hurt the M&A business
“We have not been used to this kind of question for the past 10 years”
“There is a great deal to be worried about. Investors are being herded into a technical that they don’t believe in. I expect more vulnerability and weakness from here”
Matt King at Citi advises treading warily in today’s choppy financing markets
“As borrowers queue to issue low cost debt while they can, we may be at the beginning of the last hurrah”
“Competition has never been more intense, so it’s unlikely all banks enjoyed the benefits of that volatility in terms of activity levels”