Wilbur Ross Thinks More Takeovers in the Consumer Product Sector Will Follow the Heinz Deal
- He likes the new Buffett deal which is at a good multiple for a company with a premium group of brand names.
- Ross thinks Europe is going to stay into recession into next year because every country is going through some form of austerity.
- The spree of deal making is being driven by the good stock market which emboldens that acquiring companies and because companies have a lot of cash on their balance sheets.
- Ross sees more takeovers in the consumer product sector.