|
|
Article: Mergers & acquisitions report: August 2009.(INVESTMENTS & FINANCE)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 21, 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)
|
The Los Angeles mergers and acquisitions market staged a comeback in August, registering its second best month in the past half year. Two marquee deals helped push the total value of local M&A activity over $4.5 billion. With the economy showing signs of improvement, deal flow picked up as well: 43 transactions were announced during the month, a 65 percent increase from July. Entertainment behemoth Walt Disney. Co. turned heads in August with the high-profile acquisition of Marvel Entertainment Inc., a production company that owns the rights to comic book characters such as Spider-Man and Iron Man. The deal which worked out to $3.5 billion, is the third largest in the past ...