Deals
Global M&A Down, But Not Out, After Weathering 2016’s Surprises
Dealmakers are about to have their third-best year in a decade.
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With volatile markets driven by political upsets like the U.K.’s Brexit vote, a mounting number of failed deals and a hangover from last year’s record shopping spree, 2016 had the makings of a disappointing year for M&A.
Still, global spending this year is about $3 trillion, on pace for its third-best year in the last decade, according to data compiled by Bloomberg. Dealmakers say the market has been resilient and may even improve in 2017 as industries such as energy and financial services stabilize.