Dealmakers drown in deals in second-quarter M&A frenzy By Reuters – Investing.com
- Date: 01-Jul-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Dealmakers drown in deals in second-quarter M&A frenzy By Reuters – Investing.com
By Pamela Barbaglia and Anirban Sen
LONDON (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world.
Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows.
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