Asian M&A stirs with jumbo deals

According to M&A specialists, jumbo M&A deals are on the rise in Asia.

For years, Asian corporate chieftains had cashed up balance sheets but as they scanned the horizon, they chose to stay at the sidelines of deal-making.

That changed towards the end of last year, with the US economy emerging from the doldrums and concerns over the eurozone crisis ebbing. This year, MA specialists have seen a palpable shift in companies' attitudes towards deal-making.

“Many Asian companies have strong balance sheets and have had access to cheap debt for quite a few years, but the confidence to deploy these on acquisitions has not been there,” Roger Denny, Head of MA, Asia Pacific at Clifford Chance told FinanceAsia. “We saw a significant...

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