Free Market Evaluation - Send us your resume and we will give you free feedback
Nebraska and Oklahoma File Case in Supreme Court over Marijuana Legalization
Nebraska and Oklahoma File Case in Supreme Court over Marijuana Legali...
James Holmes’ Parents Ask Court to Spare His Life
James Holmes’ Parents Ask Court to Spare His Life
Cuban Cigars to be Legalized in United States
Cuban Cigars to be Legalized in United States
Boston Bomber Appears in Boston Federal Court
Boston Bomber Appears in Boston Federal Court
Your profile matches an open legal position. Apply now!
Legal Job Listings

Deal Volume Plummets in 2008, Will Fall Further in ’09

Paul ParkerThomson Reuters reports that global deal volume dropped by a full one-third in 2008, and is expected to fall further next year.

Total deal volume dropped about 32% to $2.89 trillion, the lowest annual number since 2005. Q4 numbers were even worse, with M&A volume dropping 44% globally over the last three months compared to 2007; US deal volume plummeted 55% in the same period.

The more than 1,100 agreed-upon deals that collapsed in 2008 represent a record. These include BHP Billiton’s attempted takeover of mining rival Rio Tinto, and the failed private equity buyout of Bell Canada.

Private equity-sponsored deals fell by 72% percent to a five-year low.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Hostile takeovers represented the only bright spot, something experts say is typical in down periods when companies that are still strong look to feast on the weak.

The highlight in this category, of course, was InBev’s $52 billion takeover of Anheuser-Busch, a deal that helped JPMorgan Chase clinch the number one rank among financial advisors in European deals.

Paul Parker of global M&A at Barclays Capital told Reuters he expects deal volume to drop another 30 percent next year, to about $2 trillion.

Deal Volume Plummets in 2008, Will Fall Further in '09 by

Tagged: , , , , , , , , , , , ,

Posted by on December 24, 2008. Filed under Legal News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

 

Job of the Day
Legal Assistant / Secretary - Bilingual
USA-GA-Gainesville

~~Rapidly expanding General Law Firm seeking a Legal Assistant/Secretary to join our team at our Gainesville, Georgia location !  Our firm is a goal/target oriented, fast-paced environment with a...

Related Posts: