Page 9 - Mergers And Acquisitions
India's M&A activity slows down due to 'flagging economy', says report
Corporate India's M&A deal tally took a 63.4 per cent hit in the July-September quarter of this year, largely because of a "flagging economy" that has led to the decline, says a Mergermarket report. According to the global deal tracking firm, the third quarter of 2017 experienced a slowdown in Indian mergers and acquisitions, with the deal value declining by 63.4 per cent to USD 6.8 billion, compared to USD 18.5 billion in the same period last year. Moreover, the number of deals announced specific to India was the lowest since 2009, the report said. "The flagging economy of India with the GDP (growth) slowing to a three-year low of 5.7 per cent appears to have contributed to the decrease in the market," the Mergermarket report said. Telecom was still the most active sector in the year by deal value, thanks to two large deals both valued over USD 1 billion in the first half of 2017. During the third quarter of 2017, technology's deal value rose four times to reach USD
 "India's M&A activity slows down due to 'flagging economy', says report")
Fashion mergers and acquisitions, like a crop top, is hard to pull off
Abercrombie & Fitch ended talks about potential sale after failing to agree on terms with suitors
 "Fashion mergers and acquisitions, like a crop top, is hard to pull off")
When CEOs don't win awards, they make more acquisitions
Vantage point: Insights from cutting-edge research
 "When CEOs don't win awards, they make more acquisitions")
Domestic M&A deals to sniff at $49-billion mount by 2019: Report
M&As stood at $17.5 billion in 2016 and is likely to touch $28.5 billion in 2017
 "Domestic M&A deals to sniff at $49-billion mount by 2019: Report")
JM tops 2016 M&A league table
The $12.9-billion sale of Essar Oil stake to Rosneft has propelled JM Financial and VTB Bank of Russia to the top
 "JM tops 2016 M&A league table")
Europe's boutique firms stealing M&A market share
The data excludes some of the massive deals of 2015 that have not yet been completed, including Anheuser-Busch InBev's $100 bn-plus merger with SABMiller
 "Europe's boutique firms stealing M&A market share")
Deal structuring eased, teething troubles remain
RBI now allows parties to enter into escrow arrangements for up to 18 months
 "Deal structuring eased, teething troubles remain")
Bank mergers likely to happen after SBI consolidation, says finance ministry official
Banks can only make acquisitions when they have financial might which is subdued at the moment
 "Bank mergers likely to happen after SBI consolidation, says finance ministry official")
We expect double digit growth in the merged entity, says Deepak Parekh
Analjit Singh, Max Group promoter and HDFC Chairman Deepak Parekh spoke about the merger of HDFC Ltd with Max Life and Max Financial Services
 "We expect double digit growth in the merged entity, says Deepak Parekh")