Global M&A activity halves in 2003
International merger and acquisition activity between wealthy nations has fallen to it lowest level since the mid-nineties in the first five months of this year.
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.