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M&A: Steady Amid Market Volatility
3:38 PM MDT | August 11, 2011 | Vincent Valk
Recent volatility in the stock market is not impacting the healthy chemicals M&A market, experts say. In the second-quarter of 2010, total chemicals M&A deal value fell nearly 65%, to $14.3 billion, according to figures from PriceWaterhouseCoopers (PwC; New York). However, the number of announced deals only fell 15%, to 262. The decline in value was driven by a drop in $1 billion-plus mega-deals. Those kinds of transactions "are going to be sporadic and they're not a big predictor," says Tracy Stover, PwC's global chemicals leader. "The...
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