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Mergers remain in midst of slump
02.10.09
The world economy may be in recovery, but the takeover activity that so excites investment bankers is still in the midst of a slump.
Global mergers and acquisitions volumes reached a value of $1.67 trillion in the first nine months of the year.
That's down 35% on what was a moribund 2008 and is the lowest amount since 2004.
The lack of deals applies across all business sectors, the figures from Dealogic show.
Healthcare and mining are the only sectors to have seen more deals this year than they did last.
The ubiquitious Goldman Sachs was the busiest adviser on deals in Europe and across the globe. Morgan Stanley led the league tables in America and Asia.
