Foreign raids on the ASX have surged in the past six months. Is Australia Inc stuck playing defence? Goldman Sachs and McKinsey say no.
No, you’re not imagining it. Australia Inc is being picked off by foreign raiders, one medium-sized ASX company at a time. And the numbers say the carnage is accelerating.
At Thursday’s annual M & A conference hosted by Goldman Sachs and McKinsey & Company, Goldies’ local head of M & A, Marissa Freund, will present a startling statistic on what’s driving deals in M & A markets.
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Sovereign debt pressure and heavy bond issuance are raising European corporate borrowing costs, squeezing companies with weaker balance sheets, Goldman said.
Hedge funds sold tech stocks at the fastest pace in two years in last Thursday's rout, Goldman's Tony Pasquariello said, casting doubt on the AI trade.
McKinsey says humans will be the ones keeping score.
