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Article: Mergers & acquisitions report July 2009.(INVESTMENTS & FINANCE)
- Article from:
- Los Angeles Business Journal
- Article date:
- August 24, 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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The Los Angeles mergers and acquisitions market tailed off sharply in July despite signs that the recession may be easing. With the credit markets still mostly frozen, just 26 deals were announced last month, down almost 50 percent from the previous month and by far the lowest total since the Business Journal began tracking local M&A data in July 2005. Previously, no month had seen fewer than 40 deals announced. The announced value of the July transactions was $720 million, the third lowest total on record. Just one deal was valued at more than $100 million as Health Net Inc., a health insurer based in Woodland Hills, agreed to sell its Northeast U.S. operations to ...