Global M&A deals in Q3 down 19%
New Delhi, October 4, PTI:
The cumulative value of merger and acquisition deals globally in the January-September, 2011, period rose by 9 per cent year-on-year to US$2.18 trillion, even as the third quarter witnessed a significant slump in M&A activity.
According to global deal tracking firm Dealogic, the value of third quarter M&A deals stood at just US$633.3 billion, down 19 per cent compared to US$783.5 billion in the corresponding period last year, which is also the lowest quarterly total since the second quarter of 2010.
Meanwhile, the value of India-focused M&A deals touched US$39.2 billion in the first nine months this year, a significant 30 per cent decline vis-a-vis the corresponding period last year.
