When Bad Things Happen to Good Companies, Find a Buyer | Mergers & Acquisitions

Doing a distressed m&a deal is like tying to sell an ice cube before it melts,” says Henry F. Owsley, a principal at boutique investment bank the Gordian Group in New York. That being the case, there are a lot of ice cubes on the block in today’s sagging economy and a lot of deal-makers struggling to unload them before intermediaries, investors, management, and debtors are left with little but a puddle to divvy up.

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