Global mergers and acquisitions activity passed its annual record on Monday, as Pfizer Inc.’s agreement to combine with Allergan Plc pushed the value of deals this year past highs set in 2007.
With a little more than five weeks left in 2015, the Pfizer-Allergan deal brings the value of M&A announced this year to $3.42 trillion, compared with the $3.4 trillion announced in the whole of 2007, according to data compiled by Bloomberg. The boom in activity is led by the mega deals that have been elusive since the global financial crisis stifled deal making; eight of the transactions agreed this year are worth more than $50 billion, compared to just two last year and one in 2013.
Read the full story at Bloomberg, by Manuel Baigorri
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