Goodbye to the Summer M&A Lull

Friday, 20 Aug 2010 03:14 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Global mergers and acquisitions (M&A) have hit nearly $200 billion so far in August, $77 billion shy of the record set in 1999 for what is typically one of the quietest months of the year, Thomson Reuters data shows.

The $197.6 billion of deals appears to vindicate analysts and bankers who have spent months predicting an upturn in M&A, as cash-rich corporates regain confidence, the economic backdrop improves, and banks are increasingly ready to lend.

This week has also seen the highest value of announced deals since November -- when Warren Buffett's Berkshire Hathaway Inc agreed to buy rail company Burlington Northern Santa Fe Corp, in the billionaire investor's biggest-ever takeover.

This month's deals include:

BHP Billiton's $39 billion hostile offer for Potash Corporation of Saskatchewan Inc, the world's largest fertilizer firm.

Intel Corp's $7.7 billion offer to buy antivirus software company McAfee Inc, the chipmaker's biggest-ever deal.

And RSA Insurance Group PLC's 5 billion pound offer to buy rival Aviva's non-life units, which Aviva has rejected.


© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Ed Schultz: Work Permits for Illegals Would Be 'Death' for Dems

Wednesday, 30 Jul 2014 23:05 PM

Liberal MSNBC host Ed Schultz warns that it will be "an electoral death knell for the Democrats" if President Barack Oba . . .

Low Voter Turnout in Primaries Has Dems Especially Worried

Wednesday, 30 Jul 2014 20:37 PM

Sharp declines in voter turnout for primaries in 25 states have both parties worried, but the situation is dire for Demo . . .

Quinnipiac Poll: Kasich Maintains Double-Digit Lead in Ohio

Wednesday, 30 Jul 2014 16:10 PM

With less than 100 days to go until the Nov. 4 election, Ohio looks like a shoo-in to remain in the Republican column wh . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved