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US M&A share sinks to lowest on record
AMERICA’S share of the global M&A market has hit a record low, according to research by data provider Dealogic.
Deals targeted at the US market made up just 30 per cent of global M&A volume thus far in 2012, a record low year-to-date share, down from 34 per cent at the same point in 2011.
American M&A volume has hit a mere $202bn (£126bn) so far this year, driven by strong showings from oil & gas ($34bn), followed by the technology ($30bn) and healthcare ($28.6bn) sectors.
But it is still a far cry from 1998 when US targeted M&A activity accounted for 65 per cent of the global volume.
Goldman Sachs leads the 2012 US targeted M&A advisory ranking with $63.7bn, followed by JPMorgan with $62.1bn and Citi with $40.8bn.