“M&A recovery ready to shift into higher gear,” PricewaterhouseCoopers wrote this week. noting that the S&P 500 at 22.5x forward earnings is… 40% higher than the average of the past 20 years.
It added that after a year of “inconsistent recovery”, US M&A activity should gain momentum in 2025 due to declining interest rates, large amounts of dry powder, the need for business model reinvention and shifting regulatory priorities.
More here.