What recession? What dry market? In the past few days we have seen some huge deals come across the tape! Now Warren Buffett and 3G (most famous for Burger King I suppose) are teaming up together to buy Heinz.
What a great valentine's day gift for the bankers working on this deal. This deal comes the day after American Airlines agrees to be merged with a smaller U.S. Airways to put possibly the two worst ever frequent flyer award programs together. Let us not forget the day before that Comcast agreed to buy out the remaining 49% stake of NBCUniversal it doesn't already own from GE, for $16.7 billion. Wowzers. Did I mention there's a MBO going on for the worst computers ever built? (I f*cking hate Dell computers with a passion. One broke on me a week after warranty expired and another broke after 2 years. Fool me once shame on you fool me twice shame on me).
By my calculation, that's 4 $15 billion+ deals of M&A, LBO, "minority" stake purchase, and MBO all in about a week's time. I hope you young monkeys get ready for what appears to be the beginning of a bull's market and hopefully bigger bonuses in June!
Hope it keeps going!!!
Morale is pretty high today.
Having been a member of the team that worked on some of these, the best valentine's day present for us is some much needed sleep.
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