Davis Polk partner Ken Lebrun was quoted in a Bloomberg article discussing the forecast of M&A transactions in Japan. Lebrun noted that Japanese companies are heading into 2021 with more cash and, having sold some non-core assets and consolidated their operations, will turn again to outbound acquisitions.

Cash Piles, Hostile Bids Set Stage for a Wild Year in Japan M&A,” Bloomberg (January 11, 2021) (subscription required)