M&A comeback this year is led by mega-deals

 
Chris Papadopoullos
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More than $2.5 trillion (£1.6 trillion) worth of mergers and acquisition (M&A) deals have been announced so far this year.

The figure marks a 30 per cent increase on last year’s $1.9 trillion and is also set to be the best year for M&A deals since 2007, according to data released today by financial services firm Deloitte.

The number was boosted by 26 “mega-deals” of over $10bn.

“Globally corporates are in a position of strength, they have record levels of cash reserves, have rebuilt balance sheets and stock market rallies have lifted their share prices,” said Iain Macmillan, head of M&A at Deloitte.

“All these factors coupled with positive market sentiment in the first half of the year, led to a strong 2014. This year will go down as a year when mega-deals made a comeback.”

Deloitte suspects US firms could look at cross-border takeovers in 2015 as the dollar appreciates and growth in many places weakens.

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