Wednesday, November 05, 2008

OCTOBER WITNESSES 'SEE-SAW' IN M&A DEALS

New Delhi
Business Standard

The month of October assumed significant importance in the merger and acquisition (M&A) calendar of this year as the announced M&A volume and the withdrawn deal volume hit record highs, a report says.

The global M&A volume totalled $451.5 billion in October, the largest month so far this year, up 30 percent from September, deal-tracking firm Dealogic said in its latest report, adding that in this very month $119.8 billion worth of deals were withdrawn, the highest monthly withdrawn volume in 2008.

American companies were the most targeted as deals worth $236.9 billion were announced in October, the largest monthly volume on record, driven by capital injections into financial institutions by the US Treasury.

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