Groups » M&A Lawyers

Global M&A down 33 per cent in first quarter 2009

• Lambert Binge
  Apr 03 2009, 10:06 AM
  It's not THAT bad:
  
  Global mergers and acquisitions (M&A) plunged by a third in the first quarter to $444 billion.
  
  The two biggest deals, Pfizer's $64.5 billion purchase of Wyeth and Merck's $45.9 billion move on Schering Plough, gave healthcare its busiest quarter in a decade, although bankers doubt more mega-mergers will follow.
  
  The financial services sector was also busy, with the British Treasury's $22.3 billion bailout of Lloyds Banking Group the quarter's third-biggest single deal.
  
  Support for Royal Bank of Scotland, which the data accounts for in several tranches, made up another four of the top ten deals, worth a combined $47.8 billion.
  
  http://www.irishtimes.com/newspaper/breaking/2009/0327/break...
  
  

Reply

You have to be a member of "M&A Lawyers" in order to reply.

Join