United States Merger and Acquisition market have witnessed a flurry of activity in September this year with the deals reaching the mark of $60 billion.
Experts suggest that out of all only 4 major deals have captured the interest of the industry to date. And Comcast winning the bid of UK Company Sky stands tall among them. Next is the deal of Randgold Resources buying Barrick Fold and Michael Kors acquiring Versace. Pandora was purchased by Sirius XM.
If we discuss the biggest takeover in European market History, Fox buying Sky was much speculated to date. But with the latest developments seen in the past two weeks of September, Sky board reached to a consensus that they would recommend Comcast’s offer to shareholders- endorsing Comcast’s acquisition of Sky.
Every year this particular month witnesses a boom in M&A deals as the time happens to be the end of the 3rd quarter which spells an end to a financial cycle.
As Brexit approaching an end game soon, companies operating in the United States are happy to acquire their European counterparts due to weak GBP to pick up assets.
Whether it’s a technology firm or a production entity, companies in the US are showing a lot of excitement in bagging their UK counterparts.
Furthermore, as the weakness of the pound against the dollar is tend to prevail for the next few months; more companies of US origin are showing interest in buying British firms in the zeal to expand their business.
Early this year, market analysts expected US firms to cut back on foreign buyouts, due to the exceptional tax reforms brought forward by the Trump Administration.
However, things seem to be going the other way round…. Isn’t it?
