President-elect Donald Trump 's picks for top regulators may not lead to a total free-for-all of corporate dealmaking, but they should be more than enough to unleash the pent-up demand for mergers and acquisitions, according to Morgan Stanley.
"New Trump appointments at FTC and DOJ likely come with a more traditional, lighter touch antitrust framework.
This should drive up animal spirits and improve corporate clarity in an M & A environment where market conditions are already supportive for activity," Kenny said.
Clarity could be a key buzzword in the coming months, as some of the antitrust actions brought under current FTC Chair Lina Khan were novel and scared off other potential deals, Kenny said.
Those companies should get a piece of the M & A action, regardless of what sector sees the most activity.
Persons:
Donald Trump, Morgan Stanley, Ryan Kenny, Trump, Andrew Ferguson, Gail Slater, Biden, Kenny, Lina Khan, Ferguson, Kenny's, Goldman Sachs
Organizations:
Federal Trade Commission, Wall, Trump, FTC, DOJ, Big Tech