Monday, July 02, 2007

UK M&A gets off to a sprint start

June 29 - MSNBC - London-based investment bankers who spent the past week hyperventilating into a brown paper bag about the turmoil in the credit markets should come up for air.

This has been the fastest start to the year ever for UK target acquisitions, so, even if the markets worsen, they will have already earned their bonuses.

During the first six months of the year, there were 1,405 deals worth a total $216bn (£107bn) – a 72 per cent increase on the same period last year - according to data from Thomson Financial. The huge volume of activity has in part been driven by foreign acquirers shopping for investments in the UK. Read More.

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