Mergers & Acquisitions (M&A) activities did not take place as rapidly as was expected by economists at the time Covid-19 reared its ugly head. Due to lockdowns that led to complete or partial closures of businesses and industries or curtailment of activities that could scarcely finance production costs, mass layoffs were triggered, businesses shrank in size and those that could not float in the sea of financial crisis had the Hobsons’ choice: sink or offer to merge with larger, stronger corporations.
The Covid-19 has not just pulled out one surprise from its bag — it had swiftly changing and multiplying variants. It has altered the entire concept of doing business. From the big corporations to small individuals— the daily wage workers have attuned to what people early in the days of pandemic mentioned as the “the new normal”.