and the value of global deal making plunged 50%, to $1.68 trillion, according to Refinitiv. Still, last year’s results were roughly in line with prepandemic levels.
Multiples on strategic deals—a metric that compares a target’s enterprise value to its earnings before interest, taxes, depreciation and amortization—fell to a 10-year low of 11.6 times at the median last year through Nov. 30, compared with 15.4 times a year earlier, according to advisory firm Bain & Co. Lower share prices across industries, driven bySHARE YOUR THOUGHTS
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