While Last year's £2.9bn bid for BlackBerry was perhaps born more out of necessity than future growth potential, it is evidence of a growing wave of deal activity on both sides of the Atlantic.
By James Quinn, Financial Editor
6:00AM BST 25 Sep 2013
As companies and investors used the dark days of the financial crisis to stockpile cash, the nascent economic recovery and future growth prospects have ensured that cash is now beginning to be put to use in a series of major deals.
Data from Dealogic, the stock market research firm, shows that global merger and acquisition volume has reached $2.02 trillion (£1.26 trillion) in the first nine months of this year, up 13pc on the same period in 2012.
At the same time, however, the number of acquisitions actually fell, down 20pc over the same period, to 26,194 deals. Put simply, the deals that are being done have been bigger, implying that those deals which have been completed are being done by larger companies at the top end of the scale.
High o…
By James Quinn, Financial Editor
6:00AM BST 25 Sep 2013
As companies and investors used the dark days of the financial crisis to stockpile cash, the nascent economic recovery and future growth prospects have ensured that cash is now beginning to be put to use in a series of major deals.
Data from Dealogic, the stock market research firm, shows that global merger and acquisition volume has reached $2.02 trillion (£1.26 trillion) in the first nine months of this year, up 13pc on the same period in 2012.
At the same time, however, the number of acquisitions actually fell, down 20pc over the same period, to 26,194 deals. Put simply, the deals that are being done have been bigger, implying that those deals which have been completed are being done by larger companies at the top end of the scale.
High o…