(CNBC) Canyon Partners Co-CEO Joshua Friedman said he’s finding value in mergers and acquisitions and is “very cautious” on entering the retail space. “We’ve deployed a fair amount of capital recently in oil services,” Friendman told CNBC’s Andrew Ross Sorkin on Tuesday. “There are a lot of companies that are very competent services companies that couldn’t survive the transition from $100 oil to $40 or $30 dollar oil without restructuring their balance sheets.
Fund Manager With $24bn Betting on Oil Services, Avoiding Retail
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