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Tags: global | merger | deals | trillion

Global M&A Deals Cross $3 Trillion for First Time since 2007

Friday, 21 November 2014 02:17 PM EST

Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.

The total value of deals globally jumped about 48 percent to $3.06 trillion as of Nov. 20, compared with the same period last year, according to Thomson Reuters data.

Goldman Sachs Group Inc retained its No. 1 position as M&A adviser with deals worth $877 billion, followed by JPMorgan Chase & Co. with $651 billion and Citigroup Inc. with $633 billion.

Morgan Stanley slipped to the fifth position from third last year.

The M&A market, which was the doldrums following the financial crisis, got a lift from a resurgent stock market and growing confidence among cash-rich companies.

The $66.4 billion bid for Allergan Inc. by Actavis PLC this week more than doubled the total value of deals in the healthcare sector to $364 billion.

Halliburton Co.'s plans to buy smaller rival Baker Hughes Inc for about $38.5 billion raised the value of deals in the energy sector by 68 percent to $516.3 billion.

Other notable deals include Comcast Corp.'s $45.2 billion bid for rival Time Warner Cable Inc.

The United States led the way with about $1.41 trillion worth of deals, up 58 percent compared with last year.

© 2023 Thomson/Reuters. All rights reserved.


Economy
Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.
global, merger, deals, trillion
216
2014-17-21
Friday, 21 November 2014 02:17 PM
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