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Article: M&A activity hits new high. (mergers and acquisitions)
- Article from:
- The Banker
- Article date:
- August 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 FT Business. 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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Fewer deals, bigger deals, and some that got away. Peter Shearlock reviews the merger and acquisitions action for the first half of 1997
First the good news for corporate finance specialists. International M&A activity reached yet another new peak in the first half of 1997 -- thereby confounding all who questioned whether the upsurge in deal volumes over the past two years could possibly be maintained. The outlook for the second half is just as positive: "There is a new beauty parade every week," says Klaus Diederichs, JP Morgan's European corporate finance head, "and it's attractive business."
Now the bad news. The biggest cross-border deal to be ...