Deal, or no deal
The economy is not exactly flying. For many companies, the only certainty is that improving revenues is going to tough. Cost-cutting and margin improvement are more urgent priorities that big corporate deals.
Italian utility Enel is looking to raise US$7-billion from asset sales before the end of 2010 to cut debt and keep a single-A credit rating. A healthier banking system could also help if lenders are willing to take the losses that come with restructurings at struggling companies.
The economy is not exactly flying. For many companies, the only certainty is that improving revenues is going to tough. Cost-cutting and margin improvement are more urgent priorities that big corporate deals.
Italian utility Enel is looking to raise US$7-billion from asset sales before the end of 2010 to cut debt and keep a single-A credit rating. A healthier banking system could also help if lenders are willing to take the losses that come with restructurings at struggling companies.
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