Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Street of Walls

AUGUST 27, 2012

Announced M&A volumes of $43 billion improved by 15% from the prior week and have improved in each of the prior three weeks. Thus far in 3Q12, announced M&A volumes are averaging 5% below the 2Q12 weekly average level and 9% below the 3Q11 average weekly level. Completed M&A volumes of $14.3 in the week.

M&A

Focus Investment Banking

JULY 17, 2025

The Perils of Customer Concentration in M&A In the first half of 2025, we had the unfortunate experience of having to withdraw from the market two separate manufacturing businesses while they were in the middle of a sale process. It is a risk we see often in the M&A world. A customer of your customer develops a problem.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A

Street of Walls

SEPTEMBER 4, 2012

Announced M&A volumes of $39.8 Thus far in 3Q12, announced M&A volumes are averaging 4% below the 2Q12 weekly average level and 7% below the 3Q11 average weekly level. Announced M&A volumes of $39.8 Completed M&A volumes of $8.9 billion declined by 12% from the prior week. in the week. Average daily U.S.

M&A