NEW YORK/LONDON, June 28 (Reuters) – Global mergers and acquisitions (M&A) activity grew at a sluggish pace in the second quarter, yet many dealmakers are upbeat, forecasting transactions will pick up in the second half of 2024.
Stubbornly high interest rates, a hostile regulatory environment and a frothy stock market that has made valuations pricey weighed on dealmaking in the last three months.
The number of deals signed globally in the second quarter fell 21% to 7,949, according to data from Dealogic. Deal volumes grew 3.7% to $769.1 billion. The number worth $10 billion or more fell to six during the quarter, from eight in the year-ago period.
Source: REUTER
