Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/62026
FEEDING FRENZY? TENANT MERGERS AND ACQUISITIONS ARE EXPECTED TO HEAT UP SOON By Joel Groover ETAILERS AND PRIVATE EQUITY FIRMS ALIKE ARE HUNGRY to boost their portfolios through mergers and acquisitions, experts say. But like finicky eaters who cannot seem to make up their minds, some have been staring at the menu of possible acquisition targets for years now. Will a feast of retail M&A; finally commence in 2012 and 2013? A spate of buyouts is likely, thanks to low interest rates, surging stocks, pent-up demand and other factors, observers say. "Retail M&A; is going to happen," said attorney Francis J. Aquila, whose practice at Sullivan & Cromwell focuses on corporate governance and M&A.; "It will hap- pen at two ends of the spectrum: Those companies that are the winners will seek to 138 SCT / MAY 2012