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Article: Mergers & acquisitions report: May 2009.(INVESTMENTS & FINANCE)
- Article from:
- Los Angeles Business Journal
- Article date:
- July 6, 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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One multibillion transaction helped propel the LA. mergers and acquisitions market in May to its best overall month in nearly a year. With a total value of $16.7 billion, the dollar value of M&A activity in May was the highest since July 2008. when more than $26 billion in transactions were announced The total number of deals remained at a low level in historical terms, with just 44 transactions announced in May, but it was still a 10 percent increase from the previous month, The bulk of the value came from the $14.6 billion merger agreement between DirecTV, an El Segundo satellite television provider. and Liberty Entertainment Inc., a spinoff of Englewood, Colo.-based ...