NEW YORK: Bankruptcies and other crisis communications work appear to be sustaining financial PR agencies as the recession has severely impacted both M&A deals and IPOs.
Dealogic data cited by The Wall Street Journal found that only 29 companies went public in 2008, as opposed to 215 in 2007. A second report by Bloomberg found that “mergers, acquisitions, and divestitures plunged 38% to $2.5 trillion from $4.06 trillion last year.”
“If you look at our business, you're ...