Loose Lips Sink Ships

It has been a very frustrating week. We have talked to bankers who have indicated that they are in fact working on M&A deals but whether they are constrained from discussing them or are just simply fearful of jinxing them, we cannot unearth any detail. Among previously identified deals, Tufton’s distressed fund is rumored to be near closing its first deal and the TUI and Hapag Lloyd deal seems to be back on track. The good news however is that there is activity. We remain on the case and, of course, would welcome a quiet hint

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