[candiddevmike]

I'm not sure if it's really anti-trust. I think companies are being stingy with M&A because most companies are no longer worth the acquisition cost. They're looking for more "strategic" buys as money isn't cheap anymore. You're still seeing M&A, it's just occurring with more complimentary companies that actually add value (or hires) to their existing portfolios.

[stackskipton]

Yea, my company has done a few acquisitions. Ones from 4 year ago were head scratchers, what do they add? Last one has been clear value add.