| Gold’s tumble to the lowest since 2010 promises to prolong a mergers and acquisitions boom that’s seen transactions at a three-year high as weaker prices slash asset valuations. Deals valued at $9.6 billion were proposed or completed in the six months to June 30, up 7 percent on the previous half, as producers including OceanaGold Corp. agreed acquisitions, according to data complied by Bloomberg.
They totaled $22.3 billion last year, the highest since 2011, the data show. “I’d expect that thematic to continue and the next wave of activity from an M&A point of view might be more mergers,” Reg Spencer, a Sydney-based analyst at Canaccord Genuity Group Inc., said..............................................Full Article: Source
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