2026 Transaction Consideration Study

Houlihan Lokey is pleased to share its 2026 Transaction Consideration Study. The choice of consideration, whether cash, stock, or a combination of both, is a pivotal strategic decision in any M&A transaction with significant financial, tax, and risk implications for the acquirer, the target, and their respective stockholders.

The 2026 Transaction Consideration Study (the “Study“) examines how acquirers paid for more than 300 M&A transactions announced from January 1, 2023, through June 30, 2026, in which both the acquirer and the target were U.S. publicly traded companies.

The Study is intended to give boards of directors and their advisors an empirical perspective on some of the factors that can affect the choice of consideration in an M&A transaction.

We would welcome the opportunity to discuss the findings. Please contact a team member below with any questions.