Agence France-PresseFebruary 14, 2013 21:31
The $28 billion takeover of ketchup king Heinz by Berkshire Hathaway and 3G Capital announced Thursday offered the latest sign that merger and acquisition activity is on the upswing.
But leading dealmakers say that the deal climate still has not recovered to pre-2008 levels.
"We're seeing some pretty good activity coming out of the fourth quarter" and into the beginning of 2013, said Henry Gosebruch, a managing director at J.P. Morgan.
"But there is still ways to go back to 2007 levels."