Global M&A activity tumbles to 3-year low as Trump's trade war rages

Jason Lee/Reuters

• 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 , according to data compiled by Refinitiv.
• 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. 
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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, according to data compiled by Refinitiv. Merger activity in the US saw its lowest quarterly volume since 2014, falling 40% from the same period last year to $246 billion.See the rest of the story at Business Insider

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