Global M&A hits record $2 trillion in year to date
LONDON (Reuters) - Global mergers and acquisitions have already reached $2 trillion in 2018, a record for the value of deals in the period, Thomson Reuters data showed on Tuesday. A flurry of deals at the start of the week, particularly in the United States with the $11.1 billion merger of GE's transportation business and rail equipment maker Wabtec, helped reach the milestone. The last two periods when M&A reached similar levels were in 2007 ($1.8 trillion), a year before the financial crisis and in 2000 ($1.5 trillion), just before the bursting of the dot.com bubble of technology and internet related stocks
LONDON (Reuters) - Global mergers and acquisitions have already reached $2 trillion in 2018, a record for the value of deals in the period, Thomson Reuters data showed on Tuesday.
A flurry of deals at the start of the week, particularly in the United States with the $11.1 billion merger of GE's transportation business and rail equipment maker Wabtec, helped reach the milestone.
Related Articles
The last two periods when M&A reached similar levels were in 2007 ($1.8 trillion), a year before the financial crisis and in 2000 ($1.5 trillion), just before the bursting of the dot.com bubble of technology and internet related stocks.
About $28 billion in U.S. deals were announced on Monday, with activity in power, financials, and real estate.
Europe has also seen a deals boom, with April recording the highest value of monthly deals in 10 years, Thomson Reuters data shows, while M&A activity between the United States and Britain hit a 19-year high of $89.6 billion.
And globally, M&A shows no sign of pausing, with Sony Corp saying on Tuesday it would pay $2.3 billion for control of EMI, becoming the world's largest music publisher.
Meanwhile, German conglomerate Bayer is closing in on a $62.5 billion takeover of U.S. Monsanto.
(Reporting by Julien Ponthus; Editing by Alexander Smith)
This story has not been edited by Firstpost staff and is generated by auto-feed.
also read
South Korean woman linked to scandal to be extradited from Denmark - prosecutor | Reuters
COPENHAGEN A South Korean woman wanted for questioning in connection with the scandal that brought down president Park Geun-hye has withdrawn her appeal against extradition from Denmark, the Danish state prosecutor said on Wednesday.
Pope asks Trump to be peacemaker, gives him environmental letter | Reuters
By Philip Pullella and Steve Holland | VATICAN CITY VATICAN CITY Pope Francis urged U.S.
