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Dealmakers predict spike in mergers after bruising US elections

An artist applies finishing touches to a painting of U.S. President-elect Joe Biden alongside a road in Mumbai, India, November 8, 2020. [Reuters]

Joe Biden’s win of the US presidency and the Republican Party potentially retaining control of the US Senate could drive a pickup in mergers and acquisitions (M&A) that took a hit amid the Covid-19 pandemic, dealmakers said.

Bankers and lawyers who advise companies on M&A said the outcome, if confirmed, was the best possible for providing the stable economic and regulatory environment that deal making needs.

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