July 21, 2021 at 4:56 pm
#38846
Sam Chee
Participant
I think the initial pandemic uncertainty in 2020 resulted in low business optimism and confidence, and thus reduced M&A activity. As the business adapted or pivoted during the pandemic, perhaps the stronger companies will see opportunity in acquiring undervalued targets that are not coping well during the pandemic but have upside potential post-pandemic (e.g., airlines, hotels, travel, medical tourism, etc.).