Mergers and acquisitions practices are flying in the face of a credit crunch, but not all corporate attorneys agree as to why or for how long.
The downturn in the economy has undoubtedly had an effect on the M&A market, attorneys agree, but some just see a shift in the financing rather than a slowdown.
Private equity firms are dropping out of deals and strategic buyers are taking their place, one attorney said. Another said strategic buyers are biding their time to see what the market does before throwing big money into a deal.
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