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Mining valuation gap blocks big mergers

Posted on 04 November 2013

A seemingly “unbridgeable valuation gap” between buyers and sellers continues to stymie big merger activity in the mining sector while private capital has emerged as a growing force in dealmaking.
A total of 165 deals worth only $8bn were completed in the three months to September, down from 236 deals worth $20bn in the same period a year ago, according to figures from consultants E&Y. “Sellers do not need to sell urgently and buyers remain cautious, creating significant deal inertia,” said Lee Downham of E&Y………………………………………..Full Article: Source


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