Stocks stumbled broadly with the worst loss for May since 2010 as U.S. trade negotiations hit the wall in China. President Trump jolted the markets at month end with an unexpected new threat of an escalating tariff aimed at giving the U.S.
Merger performance in April was bolstered by deals that progressed towards completion, as well as a new investment in Anadarko Petroleum that received an overbid shortly after announcing an agreement to be acquired by Chevron.
The U.S. stock rally continued in April topping off the best April return since 2009 while setting four record closing highs with three in a row at month end.
M&A activity is off to a strong start thus far in 2019, and we are finding attractive opportunities to deploy capital including the below newly announced transactions: