Warren Buffett’s largest ever buyout is just the latest example of a resurgence in the merger market that might break records set before the financial crisis
Legendary investor Warren Buffett likes to think of his keynote deals as elephants. The one he unveiled last week, a $37.2bn (£23.8bn) takeover of Precision Castparts, a supplier of parts for aircraft, has trumped all his other solo deals to stand as the largest.
Buffett’s move took place against the backdrop of an increasingly buoyant global mergers and acquisitions (M&A) market that could see deal values for this year topping pre-crash totals. US deals are already well on their way to beating their previous high of 2007; the UK is quieter, but nevertheless keeping investment bankers busy.
Source: The Guardian Circular Economy RSS