M&A activity reaches $10.7B in 4th qtr.
Feb 07, 2013 | 04:21 PM
| Claire Hack
LONDON Merger and acquisition activity in the metals sector reached a total value of $10.7 billion in the fourth quarter of 2012a solid increase after three quarters of decline but a decline from year-ago periodwhile the number of deals valued at $50 million or more increased markedly, according to a report by PricewaterhouseCoopers LLP (PwC).
A total of 26 deals were reported in the fourth quarter of 2012. Thats up from 21 in the third but down from 35 in the fourth quarter of 2011.
Total deal value came to just $4.1 billion in the third quarter, but reached $23.1 billion in the fourth quarter of 2011.
The average deal value more than doubled quarter over quarter to about $409 million, but that was still far below the average value of $700 million recorded the fourth quarter of 2011. ....
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