Dollar Decline Unlikely to Spur M&A, Bankers Say

PARIS, France – The dollar’s fall to an all-time low against the euro is unlikely to spur European companies into mimicking BT Group Plc’s $965 million acquisition of Infonet Services Corp., bankers and analysts said.

The U.S. dollar slipped towards a low of 1.30 to the euro this week, on expectations the re-elected Bush presidency won’t address the U.S. fiscal and trade deficits — and will take a hands-off approach to further dollar depreciation.