It looks like we are touching lowest levels of 2008 in terms of M&A Deal announced, I am not sure if it gives us some indications on what corporates are thinking of that valutations but it looks like to me that the only buyers in this markets are investors chasing for yield....
I don't think this move is over but I really think that this just add anothe data showing us that valuation start to look a bit stretched...
See chart attached
