REUTERS
Cross-border merger activity rose to $96.6 billion for year-to-date 2011, up 59% from this time last year and the strongest start for cross-border M&A since 2008. With this week's $8.5 billion bid for Pride International (US) by Ensco PLC (UK), Petrochina's $5.4 billion investment in Canada's EnCana and the $3.2 billion transatlantic tie-up between the London Stock Exchange (UK) and the Canada's TMX Group, cross-border activity accounts for 27% of overall worldwide M&A activity this year.Companies in the energy and power, materials and financial sectors account for 60% of this year's activity, while targets based in the United States, Canada and Russia comprise nearly 50% of cross-border deals.
Here is a great summary of global deals by Reuters.
Cross-border merger activity rose to $96.6 billion for year-to-date 2011, up 59% from this time last year and the strongest start for cross-border M&A since 2008. With this week's $8.5 billion bid for Pride International (US) by Ensco PLC (UK), Petrochina's $5.4 billion investment in Canada's EnCana and the $3.2 billion transatlantic tie-up between the London Stock Exchange (UK) and the Canada's TMX Group, cross-border activity accounts for 27% of overall worldwide M&A activity this year.Companies in the energy and power, materials and financial sectors account for 60% of this year's activity, while targets based in the United States, Canada and Russia comprise nearly 50% of cross-border deals.
Here is a great summary of global deals by Reuters.
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