Morrison & Foerster partner Jackie Liu discussed Q3 M&A activity in an article with Law360. As Law360 reports, transaction value globally fell 11.4% year-over-year as of the end of the third quarter of 2019, citing recession fears as a potential reason.
“I think it gets the CEOs really worried that if they enter into an M&A transaction now, the valuation is not going to hold up when the recession comes,” Jackie said, adding that they are worried “they are going to be punished in the market for overpaying the asset.”