Bailouts Cushion Decline in 2008 Global Mergers
Global Finance › Vol. 23 Nbr. 2, February 2009
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Summary
The volume of worldwide mergers and acquisitions fell 30% last year compared with 2007, but the decline in announced deals would have been even larger without the government bailouts of financial institutions, which represented a significant share of M&A activity. Worldwide M&A transactions announced in 2008 totaled $2.9 trillion, a decrease of 29.6% from 2007, ending five consecutive years of M&A growth, according to Thomson Reuters. Bolstered by strong deal activity in China and Southeast Asia, the M&A total in the Asia-Pacific region fell by a relatively small 8.7% in 2008, compared with 2007. The biggest transaction announced in December was in Japan, where Panasonic agreed to launch a tender offer to acquire Sanyo Electric.
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Bailouts Cushion Decline in 2008 Global Mergers
The volume of worldwide mergers and acquisitions fell 30% last year compared with 2007, but the decline in announced deals would have been even larger without the government bailouts of financial i...
See the full content of this document
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