Changing Times

President-elect Obama may have won under a mantle of change, but as far as M&A activity there is not much he can do in the short term. In more normal times, some dealmakers might have seen a Democratic administration as having a negative impact on M&A trends. Tighter competition law can put a cramp on industry consolidation, higher corporate and capital gains tax would be a concern for private equity firms, while a worrying move toward protectionism could stunt cross-border

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