2009 M&A Activity to be Fueled by 'Merger of Necessity,' Says PwC

Last year was challenging for dealmakers as mergers and acquisitions in the United States were hampered by a dwindling credit market. In 2009, M&A will continue to be on the light side -- with few silver linings -- should current conditions continue and financing remain limited.

The deal landscape will be dominated by distressed investments across sectors including financial services, automotive, consumer products and retail, according to the Transaction Services group of PricewaterhouseCoopers.

Read the full report here.