Daily News: April 25, 2014

Reuters: Worldwide M&A Activity Tops $1T in 2014

The value of worldwide mergers and acquisitions announced so far this year has topped $1 trillion, Reuters reported, only the third time deal values have surpassed this mark since records began in 1980, data showed.

Deal volumes shot up following a flurry in the healthcare sector, including Zimmer Holdings’ $13.35 billion acquisition of rival orthopedic products maker Biomet and the agreement between Novartis and GlaxoSmithKline to trade more than $20 billion worth of assets, according to Reuters.

U.S. investment bank Goldman Sachs, an adviser to Biomet and Novartis, climbed to the top of the M&A league table after having worked on deals worth $72 billion this week, Reuters reported.

To read the full report, click here.