The target said it had settled an insurance claim for its Buchanan, New York, plant, which experienced an equipment malfunction, and continues to be encouraged by strengthening demand in the new home construction market.
Corporate executives and advisors are less bullish about the outlook for U.S. M&A citing economic, trade and political uncertainties, according to a recent survey. Claire Poole also reports on a blockbuster week for the Corporate Deal Tracker.
The Texas Lawbook’s Corporate Deal Tracker documents every M&A transaction handled by lawyers based in Texas without regard to the location of their clients. The latest CDT chart documents 2019 non-confidential M&A deals to date.
Non-Confidential Deals (As of October 23, 2019)
Capital markets continue to be challenging for oil and gas explorers, leading credit facilities to become an important liquidity source. Claire Poole reports on that as well as a down week for deal activity involving Texas lawyers.
Private equity contributes an estimated $4.8 billion in state and local taxes, American Investment Council’s CEO and President Drew Maloney said in an interview with the Dallas Business Journal.
Despite a global dealmaking slowdown in Q3, one data firm expects North American M&A to still surpass $2 trillion this year. Claire Poole reports on that plus the deals for the week that was.
Other bulge-bracket banks also ranked highly, showing that those with heft and a record of leadership are winning deal business despite the slowdown in activity in Texas.
Private equity activity has slowed down this year while M&A involving Texas lawyers did the same this past week. Consolidation continued in the Permian Basin, private equity-backed midstream developers found exits and a big oil company divested a big asset while another expanded in a new growth area.
Are your law firm deals included in the Corporate Deal Tracker’s M&A lawyer rankings? The Texas Lawbook has a new, easy, transparent way to find out. The Lawbook unveils its new CDT M&A Master Chart, which documents every transaction handled by lawyers in Texas. The process is simple. The deal data is quickly updated and accurate. Check out the details.