M&A review: 2013 mid-year snap shot

Each year the Corrs M&A team analyses every takeover and scheme of arrangement over $25 million involving an Australian listed target. As we pass the first half of the calendar year, we have taken a temperature check of the public M&A market and here is what we have found ¹:

BE GREEDY WHEN OTHERS ARE FEARFUL?

• Deal making can be contagious, but so too can caution. The first half of 2013 has been subdued - deal volume is down and deal value has decreased substantially.
• Deal volume has almost halved from this time last year. Only 33 deals had been announced by mid-July this year, and just 18 of those deals have a value over $25 million. At the same point last year 49 deals had been announced, 34 of which had a deal value over $25 million.