Takeover activity at record pace
A report in the Financial Times reveals that global M&A deals so far this year surpassed the $1trn mark on 20 March – the fastest pace ever in a calendar year.
A combination of US tax cuts freeing up capital, the continuing availability of cheap credit and decent global economic growth are
all behind the surge in deals.
The UK has been a participant in this trend, notably in February when US media firm Comcast launched a £22bn bid for pay TV broadcaster Sky (SKY).