Most people expect the pace of deals to slow. But here's a bright spot that seems to have been lost in the credit crunch: European companies are taking advantage of the weak dollar to snap up U.S. companies. According to Financial News Online, European companies have so far spent $150 billion to buy companies here. That's $21 billion more than all of last year, which was the highest figure since 2000. Some of Europe's largest companies have joined the spree. With the dollar projected to stay low, this trend might remain intact for awhile. If sponsors remain on the sidelines, there could be even more deals that emerge. It's fair to say that strategic buyers sense opportunity.  

For more:
- here's the Financial News Online article

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