If there were a deal to be had last year, it probably got its legs during the first three quarters of 2008. Credit markets began to freeze as the year progressed, and the lending, and subsequent funding, for mergers and acquisitions dried up soon thereafter. M&A activity didn't come to a complete halt in the fourth quarter, but it did significantly slow down — which is why most of the transactions we selected for our 2008 Nutrition Industry Deals of the Year came about during the first nine months of last year.
The largest, and perhaps most important, deal of the year occurred as a result of bankruptcy. Many others came about as major corporations such as...
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