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.