With the downturn in the commodity cycle, advisory firm Ernst & Young (EY) expected merger and acquisition (M&A) activity to pick up in 2016, but warned that getting the divestment process right would be paramount in achieving successful sales.
In its latest report, EY noted that after the fifth consecutive year of declining deal volume and values, increasing levels of financial distress would trigger more divestments, spin-offs, joint ventures (JV) and possibly hostile takeover bids
