October 25 - Dealscape Blog (The Deal) - International middle-market dealflow was very active Thursday amidst the backdrop of megabillion dollar international acquisitions that included Standard Life plc's $17.8 billion bid for Resolution plc, Industrial and Commercial Bank of China Ltd.'s $5.5 billion stake in Standard Bank of South Africs Ltd., and Rexel SA's $4.3 billion cash offer for Hagemeyer NV.
Aside for the aforementioned acquisitions, billion-dollar deals have been few and far between lately. So, the rush of three billion-dollar deals in one day hearkens back to the heady dealmaking days prior to the credit crunch when financing was plentiful and executives weren't spooked by the word recession. Despite Thursday's uptick in billion-dollar deals, middle-market acquisitions — especially foreign ones — kept pace. In general, over the last two months, middle-market M&A has been more plentiful than the billion-dollar deal. Read More.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment