Fewer M&A deals in region
Friday, August 17, 2007
THE uncertainty gripping the financial world has slowed merger-and-acquisition (M&A) deals in the Asia-Pacific region, a published report said yesterday.
M&A activity, which hit record highs in June and July, has dropped in the first half of August, Dealogic data said.
Excluding Japan, the region saw 1,003 M&A deals worth US$62.8 billion in July, said the report in The Business Times. So far this month, only 261 deals worth US$3.7 billion have been wrapped up.
While financial activity often slows in August, the edginess over the US sub-prime problems and effects on markets worldwide has added to the inactivity, the report said. As more financial institutions reveal the extent of their exposure to the sub-prime market, the unease is growing.
Banks are evaluating the impact of the sub-prime woes on their own balance sheets.
DPA
M&A activity, which hit record highs in June and July, has dropped in the first half of August, Dealogic data said.
Excluding Japan, the region saw 1,003 M&A deals worth US$62.8 billion in July, said the report in The Business Times. So far this month, only 261 deals worth US$3.7 billion have been wrapped up.
While financial activity often slows in August, the edginess over the US sub-prime problems and effects on markets worldwide has added to the inactivity, the report said. As more financial institutions reveal the extent of their exposure to the sub-prime market, the unease is growing.
Banks are evaluating the impact of the sub-prime woes on their own balance sheets.
DPA
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