Global corporate deals at 5-year lowGlobal corporate deals at 5-year low
Non-U.S. mergers and acquisitions lowest since 1997
By Lina Saigol
“Deal activity outside the U.S. is at its lowest level since 1997, despite renewed optimism from chief executives and the recent rally in global stock markets. Barring a last-minute blockbuster deal, preliminary figures for the third quarter, to be released next week, will show that M&A activity outside the U.S. has fallen to $124.2 billion from $150.5 billion during the same period last year, according to Thomson Financial.”
– What does it mean? Does it show that change is coming or that times are going to get worse? I think it shows that the improvement in the economy is near at hand and large companies are preparing for it so they don’t have the cash to go out and buy. They don’t want the burden of being in the process of integrating two companies when the economy takes off. We shall see. -ed.