3G Capital (Warren Buffett) in talks to buy Kraft foods. Seems to me we are seeing no let up in acquisitions or mergers. This leads me to believe we are still some way from the bull market capitulation. Usually 6-9 months after the last major deals.
We have seen 297 deals in the $1b+ range over the last year, 211 in the $500m-$1b range, and 326 in the $250m-$500m range. Collectively, more than $1.86 trillion in deals over the last year.
Lots of deals. Lots in the healthcare space. A lot of misallocated capital coming down the pike.
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