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low angle view of two businessmen shaking hands
low angle view of two businessmen shaking hands
(George Doyle/(c) George Doyle)

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M&A down as sellers ask, ‘and then what?’

Merger and acquisition figures crawled through the third quarter with the fewest new deals in three and a half years. While buyers continue to demonstrate interest, sellers dig in their heals. And the chief reason could be that they simply don’t see anything else they want to do with their money.

“When you see the level of activity decline the way it has in the last couple of months it’s easy to get the wrong impression that people are second guessing whether to buy companies,” said Ed Giacomelli, managing director at Crosbie & Company Inc.