Greenhill & Co. CEO Scott Bok on M&A Market

The transcript discusses the market's reaction to election predictions, focusing on the expected outcomes and their impact on market confidence. It explores the regulatory landscape under potential Clinton or Trump administrations, particularly concerning large M&A deals. The conversation compares M&A activity in the US and Europe, highlighting differences in market behavior. It also examines trends in the industrial sector, noting slower growth and consolidation as key factors influencing M&A activity.

What was the general expectation about business activity leading up to the election?

• It would be unpredictable.

• It would remain stable.

• It would slow down due to uncertainty.

• It would increase significantly.

What was the expected outcome of the election according to the speaker?

• Trump winning the White House and Democrats controlling both houses.

• Clinton winning the White House and Republicans controlling at least one house.

• Clinton winning the White House and Democrats controlling both houses.

• Trump winning the White House and Republicans controlling both houses.

Why do markets prefer Clinton's policies over Trump's according to the speaker?

• Trump's policies are more flexible.

• Clinton's policies are more flexible.

• Trump's policies are more predictable.

• Clinton's policies are more predictable.

What is a major factor affecting large M&A deals according to the speaker?

• Technological advancements.

• Political influence and populism.

• Market competition.

• Economic growth rates.

How does the US M&A market differ from Europe's during turbulent times?

• Both markets behave similarly.

• The US market tends to pull back.

• The European market tends to be more aggressive.

• The US market sees more strategic opportunities.

What is a characteristic of industrial deals in the Midwest according to the speaker?

• They frequently involve tech companies.

• They are usually large-scale takeovers.

• They are typically cautious and conservative.

• They are often high-risk and innovative.

What has caused significant M&A activity in sectors like telecom and media?

• Lack of competition.

• Government incentives.

• Dramatic technological changes.

• Stable market conditions.