Companies Rush to Close $70 Billion in Deals

The transcript discusses the rush of deals at the end of the year, driven by calendar constraints and bank incentives to syndicate bridge loans quickly. It highlights the performance of major banks like Goldman Sachs, JP Morgan, and Citigroup in recent deals, including the Amgen Horizon and Kroger Albertsons transactions. The discussion also touches on future expectations for M&A activity, considering market conditions and potential inflation impacts.

Why do many M&A deals tend to finalize at the end of the year?

• Because companies want to start the new year with a clean slate.

• Due to the holiday season and the way the calendar is structured.

• Due to tax benefits available only at year-end.

• Because it is the most profitable time of the year.

What is a key reason banks rush to syndicate bridge loans by year-end?

• To avoid holding extra assets on their balance sheets.

• To increase their annual profits.

• To meet government regulations.

• To gain a competitive edge over other banks.

Which bank has historically been the leader in M&A deals?

• Citigroup

• JP Morgan

• Goldman Sachs

• PJT Partners

What is the expected trend for M&A activity in the first quarter of next year?

• A significant increase in activity.

• A slight decrease in activity.

• A stable level of activity.

• A slow start with potential for growth later.

What could potentially boost M&A activity next year?

• A decrease in global trade.

• A decline in corporate profits.

• Stricter government regulations.

• A favorable inflation print and loosened financing markets.