Ben Glickman

A lot of it has to do with the fact that there's a lot of uncertainty right now in the United States around M&A. the administration's policies around where the economy might be headed. And that's deterring some of these larger companies from spending $10, $20, $50 billion to acquire another company. But a deal of $1 to $5 billion or $5 to $10 billion tends to be a lot easier pill to swallow.

A lot of it has to do with the fact that there's a lot of uncertainty right now in the United States around M&A. the administration's policies around where the economy might be headed. And that's deterring some of these larger companies from spending $10, $20, $50 billion to acquire another company. But a deal of $1 to $5 billion or $5 to $10 billion tends to be a lot easier pill to swallow.

Those kinds of deals for large companies tend to attract less attention from antitrust regulators. They also tend to be much easier to finance. A lot of the time, Companies with a lot of cash on their balance sheet can just use that cash to do the acquisition instead of having to line up new debt or selling stock to make that happen.

Those kinds of deals for large companies tend to attract less attention from antitrust regulators. They also tend to be much easier to finance. A lot of the time, Companies with a lot of cash on their balance sheet can just use that cash to do the acquisition instead of having to line up new debt or selling stock to make that happen.

A lot of it has to do with this volatility that we've seen in the United States. If you are a European company, you are a little bit shielded from that relative to U.S. companies. So you might be looking to do business with other European companies where the tariffs to the United States might not necessarily affect you.

A lot of it has to do with this volatility that we've seen in the United States. If you are a European company, you are a little bit shielded from that relative to U.S. companies. So you might be looking to do business with other European companies where the tariffs to the United States might not necessarily affect you.

There's also something to be said for the fact that currently the dollar is quite strong, which provides an impetus for U.S. companies to make more deals overseas because it's more affordable relative to foreign currencies.

There's also something to be said for the fact that currently the dollar is quite strong, which provides an impetus for U.S. companies to make more deals overseas because it's more affordable relative to foreign currencies.

Thanks for having me.

Thanks for having me.