“Global mergers and acquisitions slumped this quarter to a level not seen since the aftermath of the financial crisis amid increasing concern the economic recovery is deteriorating.
Companies have announced $446 billion of takeovers since June 30, the smallest amount since the third quarter of 2009, according to data compiled by Bloomberg. Chinese state-run oil company Cnooc Ltd.’s proposed purchase of Nexen Inc. was the only transaction to top $10 billion in the period, the data show. Acquisitions are now on pace to drop 15 percent in 2012 to $2 trillion, the lowest in three years.”
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