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Michael Jordan and Rob Ouellette Featured in <i>Smart Business Dealmakers</i>: "M&A and Business in Michael Jordan and Rob Ouellette Featured in <i>Smart Business Dealmakers</i>: "M&A and Business in

Michael Jordan and Rob Ouellette Featured in Smart Business Dealmakers: "M&A and Business in a Turbulent Market"

Michael JordanRob OuelletteIce Miller LLP partners Michael Jordan and Rob Ouellette were featured in the Smart Business Dealmakers article, "M&A and Business in a Turbulent Market."

The article included:

The deal market isn’t dead in these uncertain times, but M&A has taken on a different look. Along with the biotechnology sector, strategic companies that are buying targeted assets of other companies are still very attractive for strategic buyers, says Ice Miller Partner Rob Ouellette.

“A strong company wants to buy a division off another business — typically a competitor — and they know what the assets are, they know what the customer relationships are, and they don’t care what historic EBITDA is,” he says. “They want to acquire that business or that division, because they know they can do something better with it. That fact pattern is where the deals are right now.”

However, the turmoil in the economy is here to stay, which in turn will affect many parts of the underlying business model.

“We’re all getting the sense now that it’s going to be a much longer time until we all return to ‘normal,’” Ice Miller Managing Partner Michael Jordan says. “And I’m using quotes on that because what we see in response to prior recessions and prior crises, like the great financial crisis and Sept. 11, the world changes, and it changes on a more permanent basis.”


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