Posted AT 6:36 AM EDT on 28/03/08
M&A volumes tumbled in first quarter
LONDON — Global mergers and acquisitions slumped by almost a third in the first quarter, according to preliminary data from Thomson Financial, as banks reined in borrowing and economic uncertainty weighed on CEO confidence.
Global M&A volumes fell 31 per cent to $661-billion (U.S.) in the first quarter of 2008, Thomson said on Friday.
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