MergerTalk: Asbestos bill may spur new M&A activity

Newswire

By Arindam Nag NEW YORK, May 29 (Reuters) - Asbestos is still a dirty word for Corporate America, but a bill now before U.S. Congress could open the door to a string of new deals among companies once under a cloud of litigation uncertainty, Wall Street deal makers said. The bill, introduced last week by Republican Senator Orrin Hatch, aims to set up a $108 billion fund to compensate victims of exposure asbestos, which was widely used for fireproofing and insulation until the 1970s when ...

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