First half numbers on the M&A market from the WSJ:
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The number of announced U.S. buyouts valued at more than $500 million in June.1
Goldman Sachs Group’s rank in the global M&A advisory rankings by the volume of deals worked on; also, Morgan Stanley’s rank in the U.S. M&A advisory rankings.2
Lazard’s spot in European M&A advisory rankings. Goldman ranks No. 1 in Europe.5
The number of announced transactions valued at more than $10 billion in the second quarter.112
Number of U.S. restructuring deals due to bankruptcy or distressed situations in the first half, with a total value of $59.3 billion, the highest on record.597
The number of deals withdrawn world-wide in the first half.$172. 7 million
The average value of strategic deals, or deals with a corporate buyer, in June, the highest average since July 2008.$31.6 billion
U.S. deal volume in June, the lowest monthly total of the year and the third straight month in which U.S. deal volume declined.$66.4 billion
The value of all the deals closed in the second quarter, the lowest total for a quarter this decade.$144 billion
U.S. deal volume in the second quarter. Excluding 2008’s fourth quarter, the worst quarter since the third quarter of 2003.Source: WSJ
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.