BY PAN PYLAS, THE ASSOCIATED PRESS 12/12/2012
LONDON – The value of global mergers and acquisitions deals in 2012 was nearly half the amount made five years ago, when the financial crisis was first baring its teeth, a leading accounting and consulting firm said Wednesday.
According to Ernst & Young, the value of global M&A was 47 per cent lower in 2012 at a projected $2.25 trillion, against 2007’s $4.3 trillion. It noted a shift in activity from developed economies to high-growth ones in Asia and Latin America — the value of deals in the U.S. halved while those in China doubled.