Daily News: May 30, 2012

CFO: European Crisis Chills U.S. Deal Making

CFO noted in a story on May 30, 2012 that deal counts and dollar volumes of merger and acquisition activity in May were down for the month, despite interest shown by CFOs in acquiring as shown by a survey in the Duke University/CFO Magazine Global Business Outlook in March.

The trade journal said, according to data supplied to CFO by mergermarket, there were 254 deals with a total disclosed value of $88.3 billion for the month of May – that’s a fall of 40% by deal count and 22% by dollar volume, CFO noted.

CFO quoted analysts from Robert W. Baird as saying, “In view of concerns about weakening trends in Europe weighing on growth elsewhere, signs of a broader economic recovery may be needed for M&A performance to strengthen.”

To read the full text of the CFO story, click here.