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Lawyers optimistic about next year as M&A world breaks 2007 record
Deals in the pharma, energy and consumer sectors have pushed the world's M&A activity to an all-time high, with lawyers feeling that the surge in transaction levels could continue in 2016.
PHOTOBUAY
The total value of deals announced for the year is now $4.6 trillion, ahead of the $4.3 trillion recorded for 2007. Big deals include Pfizer/Allergan in pharma and ABInBev/SABMiller in brewing.
Industrial logic
Scott Barshay of Cravath, Swaine & Moore has worked on deals worth over $250 billion this year. He said: 'It doesn’t feel like we are in bubble territory yet because the transactions you’re seeing have industrial logic. Momentum on strategic deals is strong ... it feels like 2016 is going to look a lot like 2015.' Source: Financial Times
