Global M&A activity halves in 2003

Link: M&A activity in IT sector in sharp decline

Cross-border investments slumped to half the levels of 2002, which itself had been a weak year, the Financial Times reported.

A report by the Organisation for Economic Co-operation and Development analysed trend of transactions to and from OECD countries on an annual basis. It recorded a total inflow of $140m (£84m) and an outflow of $115m (£69m). Both are just an eighth of flows recorded in 2000, before the slump in the M&A market.

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