Aberdeen Plans to Take Advantage of Low M&A Prices

Referring to today’s stock and corporate prices as bargain basement, the chief executive officer of Aberdeen Asset Management of the U.K. said he is interested in purchasing other companies, particularly hedge funds-of-funds and private equity firms, Reuters reports.

Opportunities for acquiring firms are “now pretty strong,” said Martin Gilbert. “Funds-of-hedge funds and funds of private equity are a lot cheaper than they were six months ago, and they are significantly cheaper than they were two years ago.