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Article: Mergers & acquisitions report November 2008.(INVESTMENTS & FINANCE)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 5, 2009
- Author:
CopyrightCOPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Amid a deepening recession, the Los Angeles mergers & acquisitions market in November suffered its worst month since the Business Journal began tracking local M&A activity in July 2005. For the first time, the total value of M&A deals with announced values failed to crack the $1 billion mark. with 57 deals for a total of just $620 million. The next lowest value month on record was May, when a total of $1.07 billion in deals were announced. November was headlined by the $256 million acquisition of Transmeta Corp., a portfolio company of Los Angeles-based Riley Investment Management LLC and other investment firms, by Novafora Inc., a semiconductor maker in San Jose. The ...