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Morning Take-Out

01.01.70

In the first half of 2011, the dollar volume of announced mergers worldwide neared its highest level since the financial crisis. But that momentum proved fragile as deal volume tumbled 19 percent, to about $1.1 trillion, in the second half of 2011 from the period a year earlier, according to Thomson Reuters data.

Now, with stock and credit markets steadier, deal makers are growing confident that 2012 will be better for business. Not only do they point to cheap financing and the large amounts of cash on corporate balance sheets, but they say companies that have already cut costs may decide they need to make acquisitions to drive growth in the face of a tepid economy.

Source: New York Times (blog)