Written on Wed, 03/17/2010 - 12:34pm
By Chip Brian
3/17/2010-Hugh Sullivan, the country executive for Germany at Bank of America Merrill Lynch (NYSE:BAC), said Wednesday that global merger and acquisition activity will pick up substantially in 2010 after some slim years.
"High-quality companies are always likely to reposition themselves and pounce when an opportunity arises," Sullivan said at the 13th World Business Dialogue in Cologne.
"We will see a substantial pickup in M&A," he said, "The outlook for investment banks is positive as clients have so much to do and they want to get moving soon."
Keywords: bofa merril lunch m&a outlook merger acquisition
Ticker(s): BAC
