Silman Ondrej Dia
As we’ve seen in the course M&As come in waves and some of the common factors leading to these waves are:
– low interest rates
– raising stock prices
– booming economies
We’re currently in such wave where interest rates are historically low, stock market overpriced, and economies are growing (although some at a slower rate by now). As long as such conditions last M&A transactions should continue at a high pace.
In regards to national protectionism which is indeed increasing, I believe this should be considered more as a risk factor rather than a break to M&A and should concern more cross-border M&As. Companies will have to incorporate in their assessment the risks involved in eventually pursuing such deals.