M&A landscape: nothing chunky to buy, lots to break up
Inspired by the bear, threatened by the bull or vice versa?
There came a point, a few weeks ahead of the US ports strikes, when irrational behaviour – later spurred by China stimulus* hopes – in the stock market meant: “anything transpacific” was worth adding, in pure equity exposure terms.
(*Read Premium’s ’Defend and spend’.)
What that implied was: it didn’t really matter where to park cash looking to outperform a bull market breaking new records, so long as investors would not miss that wave ride.
And then yesterday, one of the biggest, listed ...
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