The panelists also commented that the many if not all the benefits from corporate tax cuts were baked into current market prices, meaning that expectations for further advances from the legislation were getting ahead of themselves.But a panel later in the day devoted to the winning strategies of corporate dealmakers heard various members express optimism that their companies could sustain value through their dealmaking efforts. They contended that they were moving faster on deals with no sacrifice of analytical acumen, thanks to the application of new technology, including artificial intelligence. And the panelists were confident their deals would add value as a result, though they conceded that the challenges of achieving success grew more daunting as the deals helped the companies grow larger. "When you do that, you take on more risk, and you run into a level of competition you may have not before," conceded Brian Buchert, vice president of corporate development and M&A at consumer products company Church & Dwight Co. (CHD). In the conference's keynote, TheStreet's Jim Cramer said that he expects M&A in 2018 to remain strong for competitive reasons, and he predicted that the Walt Disney Co. (DIS) and General Electric Co. (GE) would join Broadcom Ltd. (AVGO) in the action. "There are too many companies vying for the same stream of revenue in the same sector," Cramer said. In addition, he noted that dealmaking would be spurred by the relentless disruption of industries at the hands of tech giants Facebook Inc. (FB), Alphabet Inc. (GOOGL), Netflix Inc. (NFLX) and Amazon. A panel on corporate activism heard Delaware Chief Justice Leo Strine criticize annual say-on-pay shareholder votes. "Nobody from the investment community wants managers paid on one-year contracts," Strine said. Finally, a panel on cyber risk stressed that the issue had graduated from an IT job to a board level concern. "Clearly the board is responsible" for managing the growing risk posed by cyber risk, said Patricia Lizarraga, managing director of Hypathia Capital Group (LLC).
Supporting underwriters for The Deal Economy Conference included EY, Bain & Company, Ansarada, Latham & Watkins LLP, Morrison & Foerster LLP, Pepper Hamilton LLP, Venue by Donnelley Financial Solutions, Okapi Partners, ACA Aponix, Workshare and Nelson Mullins Riley & Scarborough LLP.In 2018, The Deal will host a series of three Deal Economy Conferences. On March 26 th at the Institute of Directors in London, Deal Economy London will explore the shifting European dealmaking environment. The Deal will be in Chicago on September 24 th to discuss middle market dealmaking. And the annual New York Deal Economy Conference will next take place on November 29, 2018 in New York City. Contact: Jonathan McReynolds, 212-321-5259, jmcreynolds at thedeal.com for sponsorship and speaking inquiries about next year's event. Contact: Nicole Harris, 212.321.5567, nharris at thesdeal.com for more information about The Deal Economy Conference. ABOUT THE DEAL The Deal ( www.thedeal.com) provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control to institutional investors, private equity, hedge funds and the firms that serve them. The Deal is a business unit of TheStreet, Inc. (NASDAQ: TST, www.t.st), a leading financial news and information provider. Other business units include TheStreet ( www.thestreet.com), which is celebrating its 20 th year of producing unbiased business news and market analysis; BoardEx ( www.boardex.com), the leading relationship mapping service of corporate directors and officers; and RateWatch ( www.rate-watch.com) which supplies rate and fee data from banks and credit unions across the U.S. SOURCE The Deal