M&A value plunges 55% to $6.2 billion in Q2: EY report
Adopting a wait-and-watch approach towards big-ticket acquisitions amid the slowdown, M&A deal value has more than halved to $6.2 billion during the September quarter from $13.7 billion in the year-ago period, says a report. However, volume rose to 252 deals from 234 deals in the same period year-ago, according to an EY report. “In the last few months, a sense of caution has prevailed among investors and businesses. Companies essentially are on a wait-and-watch in pursuing big-ticket acquisitions,” EY partner and national leader for transaction advisory services Amit Khandelwal said on Tuesday.