Thomson Reuters reports from its data that mergers and acquisitions were down 35% in 2008 but, in bad news for investment bankers, the number of deals withdrawn rose to a record high of 1,100, up from 800 in 2007. The value of those lost deals was $800 billion – representing $815 million in bankers’ fees.
Posted by Ellen Wallace on 23 December 2008 at 8:21 |
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 23 December 2008.
Filed under: World news
Tags: acquisitions, investment banks, M&A, mergers, Thomsom Reuters data
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