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.
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