The total value of mergers and acquisitions in 2008 is well behind the $88 billion pace set in 2007, PricewaterhouseCoopers (PwC) reports in "Assembling Value: Industrial Manufacturing Mergers and Acquisitions Analysis -- Third Quarter 2008." PwC attributes the decline to the credit crunch and fewer financial investors becoming involved with industrial manufacturing deals. According to the data of deals totaling $50 million or more:
9 were completed in first-quarter 2008
16 were completed in first-quarter 2007
10 were completed in second-quarter 2008
20 were completed in second-quarter 2007
27 were completed in second-quarter 2006
31 were completed in third-quarter 2006
12 were completed in third-quarter 2007
8 were completed in third-quarter 2008
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About the Author
Jonathan Katz
Former Managing Editor
Former Managing Editor Jon Katz covered leadership and strategy, tackling subjects such as lean manufacturing leadership, strategy development and deployment, corporate culture, corporate social responsibility, and growth strategies. As well, he provided news and analysis of successful companies in the chemical and energy industries, including oil and gas, renewable and alternative.
Jon worked as an intern for IndustryWeek before serving as a reporter for The Morning Journal and then as an associate editor for Penton Media’s Supply Chain Technology News.
Jon received his bachelor’s degree in Journalism from Kent State University and is a die-hard Cleveland sports fan.