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US: Is recent M&A boom a sign of greater economic confidence?

By  |  August 6, 2013

Analysts believe a recent spike in mergers and acquisitions reflects greater confidence in the economy, according to reports. Among some of the largest deals announced in recent weeks includes the $2.9 billion buyout of Saks by Hudson’s Bay, the $6.7 billion acquisition of Elan by pharmaceutical giant Perrigo and the mega-merger between advertising conglomerates Omnicom and Publicis, which would create a company worth $35 billion. Further, analysts say that despite the dip in M&A activity as compared to this time last year, the value of such large deals increases the value of merger activity to $607 billion in 2013, up from last year’s $486 billion.

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