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Dobell, who has held Invensys shares for ten years, said that the Schneider deal indicated a renewed appetite for mergers and acquisitions after a long period in which companies have focussed on paying off debts, restructuring their balance sheets and improving cashflow.
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One possibility is debt restructuring.
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José M. Barrionuevo led a Barclays team that advised Argentina on its 2005 sovereign debt restructuring.
They are getting stiffed with a low share price and a probable debt restructuring.
In Greece he has managed the largest sovereign-debt restructuring on record.
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