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M&A market 2009: Deal value down, Skadden top
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Lambert Binge
Jan 08 2010, 10:24 AMSkadden takes top seat as legal dealmaker of 2009 with with $354.4 bln of global deals.
Total deal value fell about 32 percent to more than $1.7 trillion, the data show. That’s down from $2.5 trillion last year and a record $4 trillion in 2007.
Deal amount increased 54 percent in the fourth quarter from the third, signaling a possible recovery in the market. Announced deals rose to $557.1 billion, led by Exxon Mobil Corp.’s pending $41.4 billion purchase of XTO Energy Inc., Berkshire Hathaway Inc.’s takeover of Burlington Northern Santa Fe Corp. for $35.8 billion and Kraft Foods Inc.’s proposed hostile acquisition of Cadbury Plc.
http://www.businessweek.com/news/2010-01-06/skadden-is-top-d...[Edited Jan 08 2010]
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