Global M&A hits record $2 trillion in year to date [Reuters (UK)]
Westinghouse Air Brake Technologies Corporation (WAB)
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Source: Reuters
Global M&A hits record $2 trillion in year to date | Reuters Reuters Staff 2 Min Read LONDON (Reuters) - Global mergers and acquisitions have already reached $2 trillion in 2018, a record for the value of deals in the period, Thomson Reuters data showed on Tuesday. A flurry of deals at the start of the week, particularly in the United States with the $11.1 billion merger of GE’s ( GE.N ) transportation business and rail equipment maker Wabtec ( WAB.N ), helped reach the milestone. The last two periods when M&A reached similar levels were in 2007 ($1.8 trillion), a year before the financial crisis and in 2000 ($1.5 trillion), just before the bursting of the dot.com bubble of technology and internet related stocks. About $28 billion in U.S. deals were announced on Monday, with activity in power, financials, and real estate. Europe has also seen a deals boom, with April recording the highest value of monthly deals in 10 years, Thomson Reuters data shows, while M&A activity between th
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