Jittery execs put the kibosh on M&A

04/2/2013 | Wall Street Journal, The

Many companies are doing well and have ready access to cash, but merger and acquisition activity is surprisingly low. That's likely because executives and boards remain jittery after the financial crisis and amid continuing global turmoil, Francesco Guerrera writes. "We are seeing a renewed appetite for risk, but also boards and management that are going to be very cautious," says Frank Aquila of Sullivan & Cromwell.

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