Banks trumpet bumper year of ‘elephant’ takeover deals

It looked like 2015 would break all merger and acquisition records – and it did

Bankers call them “elephant deals” – blockbusting takeover bids that slam together vast global businesses. And when the corporate history books are written, 2015 will be remembered as the year of the elephant.

A cluster of massive deals have made 2015 a record-breaking year for mergers and acquisitions globally, with the total value of deals breaking the record set in 2007, before the financial crash. According to data from Dealogic, there have been nine deals worth more than $50bn (£33bn) in 2015, five more than in 2014.

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from Mergers and acquisitions | The Guardian http://ift.tt/1jV3PUQ