Global M&A drops in Q3, companies wary of overpaying: Reuters

The value of announced mergers and acquisitions worldwide fell 27 percent year-on-year to US$753 billion in the third quarter of 2016, as apprehension among corporate executives about overpaying prevented a repeat of last year's deal-making frenzy, Reuters reported. The preliminary Thomson Reuters M&A data shows the euphoria that drove merger mania in 2015 has subsided. While M&A activity remains robust, deal-makers said companies are being more selective in their decisions to do deals.