PYMNTS.com August 25, 2024
Merger and acquisitions (M&A) activity remained slow during the second quarter of the year.
The reason? The Federal Reserve has kept interest rates high, making it tougher to finance deals. That’s according to a report Sunday (Aug. 25) by Seeking Alpha, citing data from S&P Global Market Intelligence.
The number of M&A deals has been below 10,000 for three of the last four quarters. During the second quarter, that number came to 9,719, the report said, an increase from the first quarter but down from 10,784 in the second quarter of last year.
Transaction values were down as well, from $621.1 billion in the first quarter of the year to $600 billion, but up from $593.1 billion last year at...
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