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Wednesday, July 2, 2008
World M&A down $850B vs last year
  "Global deal volume in the first half was down 36 percent, according to Bloomberg data. There were 14,210 deals with an announced value of $1.53 trillion, the lowest since 2005, down from 16,489 deals valued at $2.37 trillion a year earlier." Bad news for lawyers, investment bankers, and other dealmakers on Wall Street and in the City of London. Story here.
Posted by Joseph N. DiStefano @ 1:12 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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