A May 2015 Deloitte poll found that in the second half of 2015, deal flow involving U.S. companies is expected to increase 39.5 percent and the U.S. economy will continue to improve 62.2 percent. Nearly half of respondents (47.5 percent) said they do not believe the US dollar had peaked yet. More than 2,040 professionals responded to poll questions during a webcast, titled “Mid-Year Outlook: Balancing the Bullish U.S. Deal Market with Regulatory Pressure and Global Risks.”

1. Bulls Remain Out on
M&A, US Economy for
Second Half of 2015
Deloitte Poll
Results from May 13, 2015

2. 2
Methodology
More than 2,040 professionals responded to poll questions during a May 13, 2015
webcast, titled “Mid-Year Outlook: Balancing the Bullish US Deal Market with
Regulatory Pressure and Global Risks.” Respondents work in a range of sectors
including banking and securities, technology, investment management and process
and industrial products. Click here to listen to the webcast.
All 2015 questions and answer options are shown, as well as number of total votes
each question received. Only 2013 question and answer option repeated in 2015
is shown.

3. Yes -
increase in
deals
closed,
39.5%
Yes - decrease
in deals closed,
11.7%
No change,
22.4%
Don't
know/not
applicable,
26.4%
Do you expect deal flow involving US companies to change for
the second half of 2015, compared to the first half of 2015?
Votes Received: 2,307

4. Yes, 32.8%
No, 47.4%
Don't
know/not
applicable,
19.8%
In your opinion, has the US dollar peaked?
Votes Received: 2,490

5. North America,
45.2%
Western Europe,
6.7%China, 7.7%
Latin America, 4.7%
Other emerging
markets, 6.0%
Don't
know/not
applicable,
29.7%
If your organization is contemplating an M&A transaction, in
which market would it most likely be?
Votes Received: 2,524

6. 45.2%
6.7%
7.7%
4.7%
6.0%
29.7%
40.10%
4.60%
8.00%
5.60%
5.70%
36.10%
0% 10% 20% 30% 40% 50%
North America
Western Europe
China
Latin America
Other emerging markets
Don't know/not applicable
If your organization is contemplating an M&A transaction, in
which market would it most likely be? (Comparing 2015 and 2013
numbers)
2015 Votes Received: 2,524 2013 Votes Received: 1,483

7. Companies
stockpiling
cash, instead of
spending it,
34.4%
Continuing
problems in the
Eurozone,
26.0%
China's
economy,
15.9%
Don't
know/not
applicable,
23.8%
In your opinion, what are the main challenges to deal flow in the
second half of 2015?
Votes Received: 2,425

8. Yes, 62.2%
No, 23.5%
Don't know/not
applicable,
14.3%
Do you expect the US economy to improve in the second half of
2015 compared with the first half of 2015?
Votes Received: 2,241

9. The polling summary report reflects our analysis of survey respondents’ responses and are not intended to reflect facts or opinions of any other entities. All survey data and statistics
presented pertain only to the participating organizations and their responses to the Deloitte poll. The statements in this report reflect our analysis of survey respondents’ responses and
are not intended to reflect facts or opinions of any other entities. All survey data, charts and statistics referenced and presented, as well as the representations made and opinions
expressed, unless specifically described otherwise, pertain only to the participating organizations and their responses to the Deloitte survey.
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