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LONDON (AP) — Executives around the world are cooling to the idea of mergers and acquisitions in the face of rising trade tensions, notably between the U.S. and China, a leading adviser on international corporate deals said Monday.
In its half-yearly assessment of corporate mergers and acquisitions, or M&A, EY found that only 46 percent of executives are planning a takeover in the next 12 months. That's down 10 percentage points from a year ago and marks the lowest level in four years.
TOKYO (AP) — The buyers of Toshiba Corp.'s memory device operations are promising to invest in technology development and manufacturing facilities to stay competitive, although they stopped short of giving a specific monetary amount or naming a new factory site.
The 2 trillion yen ($18 billion) deal for the consortium led by Bain Capital Private Equity to acquire Toshiba Memory closed June 1 after clearing anti-trust regulatory approval.
LONDON (AP) — The appetite for mergers and acquisitions remains near a record high as firms try to adapt to fast technological changes and despite a welter of geopolitical concerns, a survey of executives found Monday.
In its half-yearly report of mergers and acquisitions, or M&A, consulting firm EY found that 56 percent of firms are planning a deal within the next 12 months. That's unchanged from the previous survey in April but way above the survey's long-run average.
UnitedHealth Group has picked company President David Wichmann to replace CEO Stephen Hemsley in a long-planned transition that Wall Street greeted with polite applause.
The nation's largest health insurer says Wichmann, 54, will take over Sept. 1, and Hemsley will become executive chairman of the company's board. Current Chairman Richard Burke will shift to lead independent director.
U.S. companies are cutting merger deals at a record pace even though antitrust regulators have moved to oppose several recent high-profile combinations.
So far this month, companies have agreed to mergers and acquisitions valued at more than $251 billion, financial-information provider Dealogic said late Friday. That surpasses the previous record of $240 billion in July 2015.
Last week alone the merger mania racked up about $177 billion, a new mark for a single week.