Global third-quarter M&A sinks to three-year low amid U.S.-China trade war fears

Global mergers and acquisitions (M&A) plunged 16% year-on-year to $729 billion i...

LONDON/NEW YORK - Global mergers and acquisitions plunged 16% year-on-year to $729 billion in the third quarter, according to Refinitiv data, the lowest quarterly volume since 2016, as growing economic uncertainty curbed the risk appetite of companies considering deals.

“M&A volumes have dissipated because there are concerns that risks may be rising in several spots, in markets and elsewhere,” said Michael Carr, global co-head of M&A at Goldman Sachs Group Inc . Dealmakers said a mismatch between buyer and seller valuation expectations often proved hard to bridge, with some deals failing to reach the finish line.

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