Deals
Dealmakers Ignore Choppy Markets After Busy Summer for M&A
- After a $1 trillion-quarter for deals, activity may slow down
- Companies planning IPOs more affected by choppy stock markets
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Worried about China’s economic slowdown, oil at its lowest price in six years or Volkswagen AG’s diesel scandal? Dealmakers aren’t. Yet.
More than $1 trillion of mergers and acquisitions were announced in the third quarter, over 20 percent higher than the same period last year, according to data compiled by Bloomberg. And that’s without including what could be the biggest acquisition of the year -- Anheuser-Busch InBev NV’s intention to make a takeover proposal for rival brewer SABMiller Plc. First revealed on Sept. 16, analysts have said a deal could be worth more than $100 billion. Forget a quiet summer; M&A markets just had their busiest September on record.