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The
largest of these was Warren Buffet's $30 billion-plus purchase
of Precision Castparts <PCP.N>, announced on Monday. The
takeover is the biggest by Buffet's Berkshire Hathaway <BRKa.N>.
So far this year, $2.9 trillion in deals have been announced
globally, only 3 percent below the $3 trillion record peak in
2007.
Domestic M&A in the U.S. has reached a total of $1.4 trillion, a
62 percent increase on this time last year.
Acquisitions of U.S. companies account for almost half of the
total worldwide value of deals in dollars terms.
In the Asia Pacific region, dealmaking is off to its best start
for the year since records began, outpacing Europe for the first
time and making up 23 percent of global dealmaking.
But on Tuesday, the Chinese central bank devalued its currency,
causing volatility across global financial markets.
It is unclear yet whether these measures, coupled with a
slowdown in China, could diminish the appetite for takeovers in
the region.
(Reporting by Emiliano Mellino. Editing by Jane Merriman)
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