UPDATE 2-Global M&A drops 35 pct to $1.6 trillion in H1-Thomson

Newswire

(Adds detail, paragraph 21) By Mathieu Robbins LONDON, June 27 (Reuters) - Mergers and acquisitions bankers are bracing for more job cuts as volumes fail to recover from their first-quarter tumble, according to preliminary Thomson Reuters numbers released on Friday, and the outlook remains bleak for the rest of 2008. Global M&A activity fell 35 percent in the year to date to $1.579 trillion, according to the first-half data, as the credit crunch kept buyout firms away from large ...

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