Source: Business Insider
Dealmaking activity in the US remained relatively flat in the fourth quarter, according to Morgan Stanley. However, the tech sector still stands out as having the highest so-called offer intensity of any sector. The bank recently updated its model that forecasts the companies likeliest to receive offers within the next 12 months. Click here for more BI Prime stories . Corporate dealmaking in the US increased slightly in the fourth quarter of last year. But the relatively flat trend that has prevailed since early 2017 remains in place, according to quantitative strategists at Morgan Stanley. The team led by Boris Lerner attributed the slowdown to executives’ worries about a decline in economic activity amid flat profits . Even the stock market’s rally, which gained speed at the end of the year, was not enough to spur dealmaking. But the tech sector stands out. Its offer intensity, or the number of merger and acquisition offers relative to the number of companies within the sector, is at the 82nd percentile.