Don't expect tax reform to reverse the recent slowdown in merger and acquisition activity. The reason: The prices just ain't right.
Last year saw $2.93 trillion in mergers and acquisitions close in North America and Europe, down 15 percent from 2016. The falloff was more severe relative to deal volume, as the 19,510 transactions recorded in 2017 fell 16.8 percent from the prior year, according to data compiled for the Business Journals by Pitchbook.com.
