The merger and acquisition deals (M&A) this year (till December 7), have seen a 12 percent decline in value terms from a year earlier to $55.93 billion. The number of deals during the period stood at 1,375. In 2016, when the number of deal was 1,381, the value of M&A deals had hit a five-year high of $63.48 billion. The decline this year was mainly on account of a fall in value of deals in the energy and power segments and materials.
Sectors including telecommunications, high technology and retail saw growth in terms of M&A activity.
Major deals this year include the Vodafone group’s pending acquisition of Idea Cellular Ltd’s mobile business, for a ranking value (including net debt) of $11.62 billion, IndusInd Bank’s plans to acquire Bharat Financial Inclusion’s for $2.39 billion and Infosys’ plans to self-tender offer to repurchase around 113 million shares for a total value of $2.03 billion.
According to data from Thomson Reuters, the value including net debt of the target company has seen a height of $22.56 billion 462 M&A deals in the first quarter of the year 2017, followed by $10 billion each in the second and third quarter and $12.24 billion in the last quarter, till December 7, 2017.
Source: Business-Standard