July 16 - Financial Week - Deal-making in the first half of 2007 was ahead of last year’s record pace, but the value of deals.
The pace of deal-making in the first half of 2007 continued to one-up the record set in 2006, with the total value of both announced and completed M&A deals up 51% and 32%, respectively. But June figures showed a marked slowdown. According to research from Zephyr, the M&A database arm of Bureau van Dijk Electronic Publishing, the total known value of deals announced last month was $442 billion, less than half of May’s $891 billion bonanza. That’s the steepest drop in mergers and acquisitions in 14 months, according to Bloomberg, and some market watchers are saying it may be a sign that the five-year bull market is nearing an end.
The decision by leveraged buyout firm Blackstone Group to sell shares to the public in the largest U.S. IPO in five years could be another sign of a top. Read More.
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