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Shadows are beginning to fall over the pitch books of merger and acquisition bankers.
Announced M&A deals declined in this year's second quarter from the previous three months, casting gloom on hopes of a reviving world economy that will prompt executives to put their cash-rich balance sheets to work. It marked the first sequential quarterly decline in activity measured by deal value in more than a year.
"There is still an upward trend in M&A momentum, but I think we are in a rough patch right now," said Jeff Raich, managing director and co-founding partner of independent investment bank Moelis & Co in Los Angeles. read more
Keywords: M&A, Mergers & Acquisitions, Global M&A Deals, M&A Statistics
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