Don’t expect many M&As in 2013, says GE Capital exec
Dec 27, 2012 | 12:01 PM
| Chris Prentice
Tags
GE Capital,
Greg Eck,
metals and mining,
steel industry,
mergers and acquisition,
M&A,
consolidation,
Chris Prentice
NEW YORK — The metals industry is ripe for consolidation, but 2013 will not likely be the "breakthrough" year for merger and acquisition activity, according to an executive in GE Capital’s corporate finance division.
Companies are looking to invest capital and expand, but sellers expect prices that are too high for today’s metal markets, said Greg Eck, managing director of the Norwalk, Conn.-based company’s metals and mining unit. The failure of businesses’ valuations to reach pre-recession levels is one of the major headwinds facing merger-and-acquisition activity among metal companies.....
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