Worldwide dealmaking for 2018 topped the $2 trillion mark this week, on track for the biggest year for mergers and acquisitions ever, according to data from Thomson Reuters Deals Intelligence.
Global mergers and acquisitions had their strongest start to a year ever, totaling $1.2 trillion in the first quarter and that action has continued in the second quarter. Media, telecom, consumer staples, healthcare and retail sectors have been especially hot.
This week began with a standout “Merger Monday” of announced deals:
General Electric confirmed it will merge its transportation business with U.S. manufacturer Wabtec in an $11.1 billion deal. Data firm IHS Markit said it will buy smaller rival from private-equity funds of Blackstone and Goldman Sachs for $1.86 billion, and U.S. regional bank Fifth Third Bancorp announced a $4.7 billion deal to buy MB Financial. Meanwhile, Blackstone said it would buy U.S. hotel owner LaSalle Hotel Properties for $3.7 billion.