Global M&A hits record $2 tln in year to date: Reuters
Global mergers and acquisitions have already reached US$2 trillion in 2018, a record for the value of deals in the period, Reuters reported, citing Thomson Reuters data. A flurry of deals at the start of the week, particularly in the United States with the US$11.1 billion merger of GE’s transportation business and rail equipment maker Wabtec, helped reach the milestone. The last two periods when M&A reached similar levels were in 2007 (US$1.8 trillion), a year before the financial crisis and in 2000 (US$1.5 trillion), just before the bursting of the dot.com bubble of technology and internet-related stocks.
22 May 2018•1 min read
