EdR AM tips European M&A to boost valuations

Strong corporate balance sheets allied with pockets of optimism about European economic policies are likely to help revive merger activity in Europe, argues the CIO of Edmond de Rothschild Asset Management. That spells opportunity for investors amid the continent's economic woes. “There are a lot of companies with a lot of cash on their balance sheets,” said Philippe Uzan during a trip to Asia last week. “Valuations [of target companies are also] attractive, so we expect M&A d…