In the News

Brian Page, Tom Vaughn Quoted in MiBiz Article on Dykema’s M&A Outlook Survey

Dealmakers Seem “Cautiously Optimistic” but Still Have Concerns About U.S. Economy

December 18, 2012

Two members of the Firm’s Corporate Finance department—Brian Page, co-leader of Dykema’s national Lending Team; and Tom Vaughn, whose practice focuses on mergers and acquisitions—were quoted in a December 11, 2012 article in MiBiz that highlights key findings from the Firm’s 2012 Mergers & Acquisitions Outlook Survey. 

This marks the eighth year Dykema has canvassed senior executives in the mergers and acquisitions space, eliciting their observations on the key factors that are likely to shape deal activity in the coming 12 months.

In the article, Page observes that strategic buyers “still are ruling the day as far as who’s going to be involved in M&A transactions.” He notes that this could be a function of those who see “opportunity in uncertainty and the economy providing opportunity for strategic buyers.” Page adds that a rebound in valuations that a few years ago kept owners from exiting a business could now motivate sellers.

Vaughn gives an additional reason for cautious optimism in the coming year. “There is pent-up demand…and lots of people looking for the opportunity to get what they think is a fair valuation." The result? “Lots of money chasing still too few good deals.”

Page and Vaughn both caution that while this year’s survey suggests many reasons for optimism in the M&A market, continued  uncertainty about the nation’s economy could limit deal volume.

To read this MiBiz article in its entirety, click here. To download a copy of Dykema’s 2012 M&A Outlook Survey, click here