M&A frenzy stokes 2020 US debt hopes
The US corporate bond market had no high grade new issues in the run-up to the Thanksgiving holiday but the return of big ticket mergers and acquisitions has raised bankers spirits for 2020.
While syndicate desks were bereft of deals, M&A took centre stage as French luxury brand LVMH Moët Hennessy Louis Vuitton announced it was acquiring Tiffany & Co for $135 a share in cash, valuing the US jewellery company at $16.2bn.
Meanwhile, Swiss drugs company Novartis unveiled a $9.7bn all-cash purchase of US ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
 wins in UK election 13dec19 from PA 230x150.jpg)
