Global M&A braces for a dry spell as boardrooms put expansion on hold
LONDON/NEW YORK, June 24 (Reuters) – Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the appetite of many corporate boards to expand through acquisitions.
Russia’s invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.
The value of announced deals dropped 25.5% year-on-year to $1 trillion, according to Dealogic data.
