The kingdom of Thailand is no stranger to political turmoil but the recent volatility has put deal-making on pause. Thailand’s elections are scheduled for February 2 but with anti-government protestors blockading polling stations, investors are concerned that the political stalemate could drag on for months.
The protests in Bangkok have often been festive but occasionally they have also taken a deadly turn for the worse, with bomb blasts and 10 deaths to date. As a result of mounting violence, Thailand last week imposed a 60-day state of emergency.
Against this backdrop mergers and acquisitions have ground to a halt, in part because potential buyers have been reluctant...
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