Exact(5)
The value of takeovers between UK companies rose to £11.6bn, up from £1.2bn in the fourth quarter and the highest since the end of 2008.
The apparent reluctance may be the result of a fundamental reassessment of the value of takeovers, one that was occurring even before the financial crisis.
The value of takeovers of UK companies by foreign firms rose to £49.4bn between January and March, the highest since the second quarter of 2007, according to the Office for National Statistics (ONS).
Acquirers in the United States have spent a combined $43.7 billion on deals in Europe so far this year, or around 43 percent of the total value of takeovers on the Continent.
Europe's Woes Continue to Hamper Takeovers | So far this year, the combined value of takeovers in Europe has fallen 23 percent as market volatility and a reduction in financing continue to thwart efforts across the Continent to complete deals.
Similar(3)
The job of a merger banker is to advise companies on acquisition strategy, to assess the value of takeover candidates and to negotiate and execute deals.
The value of takeover deals plenty of them involving private-equity firms—soared to $2.7 trillion in the first half of the year, almost half as much again as in the last six months of 2006.
The value of all takeovers was outpacing the record from the previous year of $922 billion, and Michael Klein wanted to be where the action was.
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