Citigroup Banker Takes M&A Optimism Down A Peg

Law360, New York (March 21, 2013, 5:41 PM EDT) -- A new survey shows dealmakers are confident in a 2013 rebound, but in a roomful of top M&A advisers in New Orleans on Thursday, at least one top banker warned that the echo chamber sometimes lies.

Mark Shafir, co-head of global mergers and acquisitions at Citigroup Inc., told lawyers and bankers at the Tulane Corporate Law Institute that despite an uptick in deals — especially large ones — in the past few months, the M&A world is far from healthy.

“We’re not in the midst of...
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