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Australia: New eight-year low for M&A

By  |  April 1, 2013

According to recently collected data, Australia is facing an eight-year low for merger and acquisition activity. Reports say that Bloomberg has aggregated data and found that $9.43 billion in M&A activity occurred in the first three months of this year; that number is down from $20.03 billion for the previous quarter. The findings are bad news for investment banks as they were hoping to ramp-up M&A activity; one expert noted, however, that activity has remained strong only in the financial services sector. Reports say the last time the country saw such low activity was in the second quarter of 2005.

 

Full Content: The Sydney Morning Herald

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