Key Takeaways
- • Goldman Sachs' local head of M&A, Marissa Freund, is set to present a statistic at the Goldman Sachs and McKinsey & Company annual M&A conference on driving foreign interest in Australian deals, according to the AFR.
- • The AFR reports that Australian mid-sized ASX-listed companies are being acquired by foreign buyers at an accelerating pace.
- • Freund's core message is that Australian firms are playing too much defence against foreign bidders in the local M&A market rather than pursuing a proactive strategy.
- • The source article is partly behind a paywall, so the specific figures cited by Freund are not available in the text reviewed.
Summary
Australian Financial Review reports that Australian companies are being picked off by foreign acquirers, with mid-sized companies listed on the ASX the primary targets. The article states that the pace of these deals is accelerating.
At the annual M&A conference hosted by Goldman Sachs and McKinsey & Company, Goldman Sachs' local head of M&A, Marissa Freund, is scheduled to present a statistic on the factors driving deal activity in the market. According to Freund, as reported by the AFR, Australian firms are playing too much defence against foreign raiders in the local M&A market.
The headline frames the issue as a national concern for "Australia Inc" and points to a solution proposed by Goldman Sachs and McKinsey. The full details of that solution and the specific figures behind the accelerating trend are behind the publisher's subscription paywall and are not available in the text reviewed.
At the annual M&A conference hosted by Goldman Sachs and McKinsey & Company, Goldman Sachs' local head of M&A, Marissa Freund, is scheduled to present a statistic on the factors driving deal activity in the market. According to Freund, as reported by the AFR, Australian firms are playing too much defence against foreign raiders in the local M&A market.
The headline frames the issue as a national concern for "Australia Inc" and points to a solution proposed by Goldman Sachs and McKinsey. The full details of that solution and the specific figures behind the accelerating trend are behind the publisher's subscription paywall and are not available in the text reviewed.
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