A flurry of international deal activity yesterday raised the prospect of a rebound in global mergers and acquisition activity, even as economic data increased fears about the pace of the global recovery.
Some 25 potential and agreed deals worth nearly $8bn were announced yesterday in sectors ranging from UK engineering to Italian frozen food, according to data from Dealogic.
The slew of potential deals included a $4.5bn bid approach for Tomkins, the UK car parts to building materials group, from a Canadian private-equity led consortium.
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