Value of metals M&As sag despite
Nov 13, 2008 | 11:22 AM
| Scott Robertson
The global financial crisis and tightening credit markets, coupled with a general economic slowdown, knocked down values of metals industry merger and acquisition deals in the first three quarters of this year, according to a quarterly report from PricewaterhouseCoopers LLP (PwC), New York.
The report—"Forging Ahead Global Mergers and Acquisitions Analysis-Third Quarter 2008"—indicated that while the total value of deals lagged in the first three quarters of the year, the pace of deals remained robust with 105 deals announced in the period.....
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