The Trump Effect on U.S. M&A Landscape

The video discusses the evolving nature of client conversations regarding mergers and acquisitions, particularly in light of President-elect Trump's potential impact on cross-border deals, especially those involving Chinese companies. It explores the regulatory environment, including antitrust issues and the role of agencies like the DOJ and FTC. The video also examines the Time Warner and AT&T merger and its political implications. Finally, it addresses financial factors such as rising yields and exchange rates that affect the cost and feasibility of large deals.

What is the general mood of client conversations regarding mergers and acquisitions?

• Indifferent and uninterested

• Evolving and cautious

• Hostile and negative

• Optimistic and confident

What is the role of CFIUS in the context of Chinese companies acquiring American companies?

• To promote foreign investments

• To regulate environmental standards

• To review transactions for national security concerns

• To provide financial assistance

How has the Obama administration been characterized in terms of its approach to mergers?

• Neutral and balanced

• Indifferent and passive

• Supportive and encouraging

• Ferociously anti-merger

What is the potential impact of leadership changes in regulatory agencies?

• Complete overhaul of all regulations

• Immediate and drastic changes in policies

• No impact on existing policies

• Gradual changes influenced by new leadership

How might the political climate affect the Time Warner and AT&T merger?

• It will speed up the approval process

• It will have no impact at all

• It will definitely block the merger

• It may influence public perception but not the outcome

What is a significant factor affecting the cost of mergers and acquisitions?

• Government subsidies

• Decreasing interest rates

• Increasing interest rates

• Stable currency exchange rates

What impact does a stronger US dollar have on mergers and acquisitions?

• Encourages more domestic mergers

• Has no impact on foreign investments

• Makes US companies more expensive for foreign buyers

• Makes US companies cheaper for foreign buyers