US M&A hits 15-year low in August

Newswire

By Quentin Webb LONDON, Aug 28 (Reuters) - U.S. mergers and acquisitions (M&A) activity plunged to a 15-year low in August, while global fees for completed deals hit their lowest level since at least 1998, preliminary data showed on Friday. Thomson Reuters data showed announced U.S. M&A for the month totalled $13 billion, its lowest since February 1994, while global M&A stood at $72 billion, the lowest since February 2003. Year-to-date, however, European M&A has suffered ...

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