29.04.2014 - Global metals M&A drops to lowest level since 2008 - Study
Quarterly mergers-and-acquisition activity in the global metals market dropped to its lowest level since 2008 as over-capacity and weak pricing, particularly in the steel segment, remains a concern among buyers, consultancy and accountancy firm PriceWaterHouseCoopers said Monday. During the first quarter of 2014, there were 13 transactions valued at $50 million or more, totaling $3.3 billion--a 78% decline in deal value from the fourth quarter of 2013, which registered 20 deals worth $15.1 billion, PwC said in its quarterly report. PwC's M&A metals analysis comprises deals announced in the steel, iron ore, aluminum, copper, nickel and other-non precious metal sectors...............................................Full Article: Source
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