Everybody’s Going Gaga Over Latest M&A Stats
Okay, so October has been a bumper month for M&A. But it’s got a lot of news sites and blogs very excited indeed. Yahoo has a post today on Why so many companies are flocking to M&A deals. ZeroHedge screams that there’s been Over Half A Trillion In M&A with its headline about October’s $500 billion smashing all records.
It seems unanimous that the current appetite is being fueled by low interest rates and the prospect of rates rising in the near future.
By the Post Gazette’s count, $489 billion was done in October’s M&A deals, slightly short of ZeroHedge’s $500b. CityAM says that October was a “mega month”.
Only CNBC manages to find some negatives in the stats claiming that this doesn’t bode well for November.
