Global Peak In August
In August, the global market was crazy
In August, the global market was crazy. Last week's news on the so dizzying series of acquisitions, Intel announced a 7.7 billion acquisition of McAfee, private equity giant Blackstone company 543 million U.S. dollars acquisition of power company Dynegy, New Zealand's Rank Group for 4.5 billion acquisition of U.S. packaging company PTV, Dell to 11.5 billion acquisition of 3PAR Inc.; In addition, the Australian mining giant BHP Billiton announced the launch of the Canadian potash company Potash's hostile takeover, it is learned that China and India may also join the bidding war. According to financial data provider Dealogic's global data released last week showed the world the week amounted to around 87.1 billion U.S. dollars deal, but so far, August Zong volume has reached 172.7 billion U.S. dollars, is from 1995 since the agency to track Shuju the highest value. Industry sources, in August the total acquisition is expected to reach 285 billion U.S. dollars.
Over the past two years, influenced by the economic downturn,market is not active. This year in July, the global enthusiasm appears to have been re-ignited the month reached a total of 224.6 billion U.S. dollars deal, which led the boom of the month in Hong Kong Cheung Kong 90 billion acquisition of EDF's UK electricity assets. Investigation Agency data show that in August will break the record in July, is expected to total a record 285 billion U.S. dollars, while the August 2007 acquisition of the total amount was 297.4 billion U.S. dollars, but also. Not to the end, the data are still being flushed, there are still some deals are brewing. BHP Billiton intends to 37.8 billion U.S. dollars acquisition of Potash Potash Corporation, and Korea National Oil to spend 2.9 billion hostile bid for British Dana Petroleum is likely to be rewritten in August acquired generous tide.
China's overseas transactions in the first half also rebounded, compared with first half of 2009 increased by five percent. PricewaterhouseCoopers expects transactions in the second half and 2011 will continue to flourish. Another feature of China's overseas is the amount of the transaction is a significant increase in the first half of 2010, the amount of seven overseas mergers and acquisitions more than one billion U.S. dollars, while last year only three.
Barclays Capital's head of global mergers and acquisitions, said Parker, the next will see a lot of cash, or most of the all-cash takeover offer. Global business current cash holdings are close to record high, while interest rates are at historic lows, which are created for the activity "hotbed."
Popular cash transactions volume has been amazing, but in August one of the major characteristics of mergers and acquisitions play a major role is cash. According to FactSet Research data show that the United States the first quarter of this year, about 2.3 trillion in volume of cash transactions are completed, more than in 2006, 57% higher than cash transactions. Another data shows that 68% of global transactions in cash or most of the cash, and last year the figure was 62%. However, experts point out that: "Although the company now seems more willing to bought it, but compared to previous years, the most fervent period of mergers and acquisitions, now a close watch is still not the highest." For example in 2006 and 2007, respectively, up to 35,100 billion and 4.02 trillion in transaction.
According to statistics, as of now, the world's 1,000 largest market capitalization company in cash or cash equivalents on hand held, had reached 2.86 trillion U.S. dollars. Sullivan Cromwell partner Frank said the situation now is that business is not only a lot of idle cash, and cash levels are still increasing. "What is needed is just a catalyst. In my view, this Cuihuajihen Keneng yes right of confidence in the economy has bottomed out, more and more people believe that there will not be second bottom Chuxian, and perhaps even stronger in Xiangdang recovery. "
by: Frbiz
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