波士顿：2019年并购报告(英文 36页)

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The 2019 M&A Report 

Downturns Are a Better Time for Deal Hunting

CONTENTS

3 EXECUTIVE SUMMARY

8 GLOBAL M&A ACTIVITY TAKES A BREATHER

Alarming Trends Persisted in the First Half of 2019

Buyers of Public Targets Lose Investor Support

Four Major Trends

15 DEALMAKERS DO WELL IN DOWNTURNS

Why Do Buyers Outperform in a Weak Economy?

How Do Economic Conditions Affect Execution?

Experienced Buyers Excel in Downturns

21 HOW TO MASTER M&A IN A DOWNTURN

Apply the Lessons of Experience

Boldly Pursue Downturn M&A Opportunities

Use Transformational Deals to Stay Ahead of the Curve

26 APPENDIX I: METHODOLOGY

28 APPENDIX II: SELECTED BCG-SUPPORTED TRANSACTIONS,

2019, 2018, AND 2017

30 FOR FURTHER READING

31 NOTE TO THE READER