INDUSTRIAL DISTRIBUTION: INDUSTRIAL MERGER & ACQUISITION ACTIVITY REMAINS DOWN
According to a report from PricewaterhouseCoopers, industrial mergers and acquisitions remained down in Q1. Deals only totaled $1.6 billion in 2009’s first quarter as compared to $8 billion in 2008’s Q1. Check out the whole analysis on Industrial Distribution’s website.
Industrial Distribution Excerpt:
Mergers and acquisitions in the global industrial manufacturing industry showed little improvement during the first quarter of 2009, according to the PricewaterhouseCoopers LLP report Assembling Value: First-Quarter 2009 Mergers and Acquisitions Analysis.
The pace of deal activity (measured by the number of deals with a disclosed value of at least $50 million) remained at a near stop during the first quarter, with only 13 deal announcements–a fraction of the 43 deals announced in first quarter 2008, 45 in first quarter 2007, and 38 in first quarter 2006. The first quarter’s deal activity registered a slight improvement, however, over the 11 deals announced in fourth quarter of 2008–a possible indication that the downward trend may be reversing.
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