Looming federal election puts a dampener on dealmaking

Original article by Scott Murdoch
The Australian – Page: 13 & 18 : 17-Jan-19

Data from Acuris shows that mergers and acquisitions activity in Australia totalled $US88.5bn ($123bn) in 2018, compared with $US85.6bn previously. Joe Fayyad from Bank of America Merrill Lynch notes that the upcoming federal election will affect inbound M&A activity in 2019, which will boost local companies’ ability to transact deals. Meanwhile, Aidan Allen of UBS expects M&A activity in 2019 to be dominated by private equity firms and Australian companies making offshore acquisitions.

CORPORATES
ACURIS, BANK OF AMERICA CORPORATION, MERRILL LYNCH AND COMPANY INCORPORATED, UBS HOLDINGS PTY LTD, MACQUARIE CAPITAL PTY LTD, JP MORGAN AUSTRALIA LIMITED, AMCOR LIMITED – ASX AMC, BEMIS MANUFACTURING COMPANY, REECE AUSTRALIA LIMITED – ASX REH, MORSCO, WORLEYPARSONS LIMITED – ASX WOR, JACOBS ENGINEERING GROUP INCORPORATED, GOLDMAN SACHS AUSTRALIA PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED

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