In the second quarter of 2010, 33 deals were announced that were worth $50m (£32m) or more − greater than double the 14 deals announced in the previous quarter. The value of the deals was worth a total of $8.5bn in the second quarter − more than triple the $2.3bn in value seen the quarter before.
’Looking ahead, we expect the deal environment will continue to improve as credit access eases, equity markets advance and economic growth rates stabilise. However, although many factors have improved, others remain weak, such as stubbornly high levels of unemployment and weak residential construction activity,’ said Barry Misthal, US industrial manufacturing leader at PriceWaterhouseCoopers.
36 per cent of the total transactions made in the second quarter that were worth over $50m involved a US entity, compared with an average of 61 per cent over the past four years (2006-2009).
What is more, the level of activity affiliated with BRIC (Brazil, Russia, India, China) countries grew, with China serving as the key driver. 45 per cent of all transactions valued at $50m or more were announced by companies in Asia and Oceana.
Poll: Should the UK’s railways be renationalised?
I think that a network inclusive of the vehicles on it would make sense. However it remains to be seen if there is any plan for it to be for the...