There has been a noticeable uptick in merger and acquisition activity in the last couple of weeks with deals being announced of all sizes.
It’s the bigger ones stealing the headlines though, like AT&T’s interest in acquiring and Time Warner, which faces an uphill battle for regulatory approval.
This morning news General Electric looking to advance in the energy industry and doing so by merging with the state’s third largest oil services company, Baker Hughes.
Two factors potentially prompting the uptick in deals, one we’ve seen in the not too distant past when the Fed looks to raise interest rates companies rushing to raise cash flow and hedge against higher interest rates.
Also, mention of political uncertainty as next Tuesday the chance of a shift in the U.S. senate to be led by names like Bernie Sanders and Elizabeth Warren, which has the potential to impose a few hurdles for public markets.