Merger mania hits with $96 billion of deals in 24 hours

TOKYO - A buyout frenzy is gripping boardrooms from Tokyo to Paris to San Francisco, adding fuel to a record-breaking rally in global stocks.

While the deals have no single theme - ranging from industry consolidation to diversifying revenue away from flagging home markets - one common thread is acquirers availing themselves of cheaper financing as central banks shift towards stimulus mode. Receding fears of a global recession and tentative signs of progress in US-China trade talks may be giving executives confidence to pull the trigger.

The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index all closed at records on Monday, while the Stoxx Europe 600 hit a level unseen since May 2015. Japan's Topix Index touched its highest point of 2019 during Tuesday trading, helped in part by a surge of as much as 17 per cent in Hitachi Chemical after larger rival Showa Denko K K said it was eyeing a stake.

Monday saw at least 10 deal announcements worth US$1 billion or more, according to data compiled by Bloomberg. The following is a description of some of the latest plans:Charles Schwab, the San Francisco-based brokerage, announced it would acquire TD Ameritrade, amid a collapse in investing costs as providers embrace zero feesEBay Inc is selling its ticket marketplace StubHub to European rival Viagogo for US$4.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Texas, Nevada drop out of state AG group suing to block Sprint, T-Mobile mergerTexas' attorney general has settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the US$26.5 billion merger, leaving just ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeksFiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks: mediaFiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »

Tokyo: Stocks open higher on trade deal optimismTokyo: Stocks open higher on trade deal optimism
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Tokyo: Stocks open higher on cheaper yenTokyo: Stocks open higher on cheaper yen
Sumber: BusinessTimes - 🏆 15. / 51 Baca lebih lajut »

Texas, Nevada drop out of state AG group suing to block Sprint, T-Mobile mergerTexas' attorney general has settled with T-Mobile Inc and Sprint Corp and will drop his opposition to the US$26.5 billion merger, leaving just ...
Sumber: ChannelNewsAsia - 🏆 6. / 66 Baca lebih lajut »