Thursday, April 03, 2008

A little perspective on surging oil, mining, utility M&A

April 2 - Corporate Dealmaker Blog (The Deal) - While the world laments the death of M&A given the credit crunch, financial institutions crumbling and the gyrating stock market, oil and gas, power and mining deals are thriving. According to three separate reports over the past month by PricewaterhouseCoopers, M&A value levels were up .3% in the oil and gas industry last year to $292.2 billion, up 25% in power to $372.5 billion and up 18% in mining to $158.9 billion.

The figures aren't a big surprise, as demand for energy and natural resources in developing countries like China and India continues to grow and companies' profits continue to surge on record commodity prices. Read More.

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