Low CEO Confidence Could Hamper 2013 M&A, Report Says

Law360, New York (January 23, 2013, 5:37 PM EST) -- With companies seeing broader financing options, deeper cash reserves and pressure to compete strategically, corporate mergers and acquisitions activity this year hinges heavily on the confidence of CEOs — but a Tuesday report from PricewaterhouseCoopers LLP suggests they may be slow to make moves.

Of the 1,330 top-level executives interviewed for the firm's Annual Global CEO Survey, just 17 percent said they were planning for new mergers and acquisitions in 2013. Instead, with just 36 percent identifying as “very confident” about their companies' growth prospects in...
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