Is your utility for sale? More mergers ahead in 2012, PwC predicts
Despite a lackluster first half, the second half of 2012 is likely to see an increase in mergers and acquisitions, according to PricewaterhouseCoopers (PwC).
The audit and advisory accountancy says M&A activity declined in the first half, due to:
Â· Uncertainties around the economic recovery
Â· Record low natural gas prices
Â· Pending and proposed environmental regulations
Â· Obstacles in the regulatory approval process
There were seven deals greater than $50 million in Q1, totaling just $4.1 billion. That compares to 32 deals worth $53 billion in Q1 2011. But that doesn't mean Q2 will be as calm.