The global financial and economic turmoil experienced in 2008 was of historic proportion. It caused governments to step in to prevent both systemic and corporate failures; entire industries to restructure; corporations of all sizes to rethink strategies and, at times, even fight for their very survival; and families to pare back expenses, shed assets and reduce their high levels of household debt.
Amid this backdrop of broad financial turmoil, worsening corporate results and economic uncertainty, it is not surprising that M&A and investment activity slowed considerably in 2008 before grinding to a complete halt by the end of the year. For the full year...
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