The continued economic uncertainty surrounding the trade war between the US and China likely caused companies to step back from dealmaking.
Global mergers and acquisitions totaled $729 billion in the third quarter of 2019, falling 16% from the same period last year and hitting the lowest quarterly volume since 2016 ,Dealmaking in the US fell even further, tumbling 40% from last year to $246 billion in the third quarter.
Ongoing threats to economic growth including the US-China trade war have likely caused executives and corporations to pull back on dealmaking. Global merger and acquisition volume plunged in third quarter as the US-China trade war continued to cloud the global economic outlook. Total global M&A sunk 16% year-over-year to $729 billion in the third quarter, posting its lowest quarterly volume since 2016,. Merger activity in the US saw its lowest quarterly volume since 2014, falling 40% from the same period last year to $246 billion.
Dealmaking in Asia also tumbled 20% to $160 billion — the lowest level of activity since 2017 — as Hong Kong's role as a global financial hub was threatened by weeks of pro-democracy protests, according toActivity levels in Europe stood in sharp contrast to other parts of the world, with M&A volume jumping more then 45% to $249 billion, according to Refinitiv.
The global slowdown in dealmaking came as companies have been assessing the economic backdrop in the face of the US-China trade war and other headwinds. The economic uncertainty stemming from trade war likely overshadowed the low cost of debt financing for acquisitions, according to a
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