With the grim market environment due to the COVID-19 outbreak, market watchers provided their views with the Business Times on how the economic downtown might be a good time for companies to expand their businesses through strategic acquisitions.
Richard Tan, Partner of our Corporate and Capital Markets Practice highlighted that companies need to be careful if they are going aggressive on M&A activities during the economic downturn as the new acquisition may take a toll on the businesses and financials of the acquirer should it last longer than expected. Companies need to ensure they have strong fundamentals and financials to handle the reduced economic activities and revenues should they decide to acquire.
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The article was first published in The Business Times on 5 March 2020.