Forging Ahead: Third-Quarter 2010 Global Metals Industry Mergers And Acquisitions Analysis
Today's global economy is like a curate's egg. Economic expectations are good and bad, positive and negative. As the US economy's unpredictability generates greater concern, metals companies are exercising caution as they consider strategic deals in emerging markets where growth in the Gross Domestic Product (GDP) is high. The concept of a curate's egg is especially relevant to the metals industry's M&A market. On the positive side, the number of deals closed during the third quarter of 2010 shot up significantly from the previous year, an indication that the global economy is stabilizing. On the downside, worries continue about a protracted economic recovery, and many global buyers and sellers are taking a wait- and see approach to deal making.