Drop in international mergers and acquisitions
Lowest number of global takeovers in first half of 2010 since 2004
There has been a sharp decline in international mergers and
acquisitions (M&A) activity, according to a new report.
Reuters has found that global M&A was worth around $976
billion (£655 billion) in the first half of 2010, its lowest total
since the dotcom bubble burst in 2004.
The value of takeovers in Europe was particularly low as firms
are less willing to agree to deals during the debt crisis.
The European market fell by 23 per cent year-on-year to $227
Jeffrey Kaplan, global head of M&A at Bank of America
Merrill Lynch, claimed the financial crisis has significantly
affected the market.
He told the news provider: "Weighing on the markets have been
issues like the European sovereign debt crisis. The BP catastrophe
has (also) impacted world markets and will continue to represent an
Companies that have saved cash reserves during the recession
will be able to take advantage of the current market, according to
They can take advantage of low-prices to make a bargain
investment, or look to expand their operations to untapped