Knobias ClipReport (7-30-2007)
Submitted from Knobias ClipReport
Friday’s session saw the continuation of the sell off in the face of good economic news. For most of the session it seemed like a replay with many worrying about deal financing which had been the driver in the past few weeks. The reduction of deals in the near future could signal the end to merger mania and private equity buyouts.
The news that Cadbury Schweppes was delaying the sale of its beverage unit supports the theory that investor concerns surrounding the issue are causing a reaction.
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