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Expert Analysis

Saks' Post-M&A Bankruptcy Illustrates Current Market Risks

By Ben Thompson ( February 13, 2026, 2:17 PM EST) -- In the current M&A environment, deal outcomes are being shaped less by strategic vision than by capital structure discipline. That is not a new lesson, but it is one the market is being forced to relearn as higher financing costs, tighter credit condition and limited refinancing windows replace the assumptions that governed dealmaking for much of the past decade....

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