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Rich Jeanneret Bailey McCann, Opalesque, New York:
Despite a slight upswing in M&A activity in North America last quarter, overall transaction volume is down for the first half of 2012. Research from US-based financial services firm Freeman & Co. cites continued European distress and global deleveraging as causes for keeping deal volume down. The findings are corroborated by similar research released by Thompson Reuters today.
Mergers and acquisitions activity was up 10% in North America last quarter after three straight quarters of decline, according to Ernst & Young's quarterly tracker of M&A activity. Whereas overall activity was down 17% in the Eurozone countries as concerns over regional debt and tumultuous elections continue to keep money on the sidelines. Despite the improvement, Ernst & Young said global M&A volumes during the quarter were still at their second lowest since the first quarter of 2010, when the Greek debt crisis first flared up.
"In recent conversations with top corporate deal makers, there is a prevailing thought that incremental value will be created through strategic portfolio management," said Rich Jeanneret, Americas Vice-Chair, Transaction Advisory Services for the Ernst & Young organization. "Never before has it been more important for companies to evaluate which portfolio businesses are critical to implementing their corpo...................... To view our full article Click here
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