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The last days of summer have waned, but the global deal market is still hot.
Worldwide mergers and acquisitions hit $2.4-trillion (U.S.) as of Sept. 4, up 59 per cent from this time last year, according to figures from Thompson Reuters. That's nearly 25,000 deals done so far in 2014.
Looking back at the scorecard from this time last year, the number of deals announced wasn't far off, with more than 23,000 public globally, but those deals were only worth $1.7-trillion. This just goes to show how the trend towards larger corporate deals – especially those over $5-billion – have boosted the figures this year.
The good times have also been felt in Canada, with two major deals involving Canadian companies in two weeks. There was the proposed $12.5-billion (Canadian) tie-up between Burger King Worldwide Inc. and Tim Hortons Inc.
And this week the proposed $4-billion deal for Standard Life PLC's Canadian operations by Manulife Financial Corp.