More Big "Warren-Buffett-Like" Deals Could be Coming
TechTicker talked with Diane Garnick before the Berkshire (NYSE:BRK.A) / Burlington Northern Santa Fe Corporation (NYSE:BNI) deal went down. Garnick predicts a majority of the activity will come from the technology, consumer staples and consumer discretionary sectors.
Diane Garnick investment strategist at Invesco thinks this may be the tip of the iceberg. In this accompanying clip, (recorded before both deals were announced) Garnick says mega-mergers and smaller spinoffs are bound to heat up as companies search outside their own business for revenue growth in this sluggish economy. "Now is not the time for organic growth," she states.
Garnick predicts a majority of the activity will come from the technology, consumer staples and consumer discretionary sectors.
SOURCE: http://finance.yahoo.com/tech-ticker/article/365450/Buffett%27s-Deal-Won...
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