Mergers and acquisitions worth close to $US90bn (£51.8bn) have collapsed
September 1 as the global financial crisis hampers companies from completing
Credit agency Experian became the latest
British group to abandon plans for a deal
yesterday, saying it had decided against selling its online price comparison
website Price-Grabber, The Times reports.
Figures from Dealogic show M&A
deals totalling $US121.6bn have been withdrawn
globally since September 1 and deals worth about $US89.5bn have collapsed
without new bidders, most of which occurred after September 15, when Lehman
Brothers filed for bankruptcy.
Mark Jarvis, an Ernst & Young partner specialising in transaction
services, said that, although share prices had plummeted, opening up big
opportunities for strong companies to pick up bargains, the great volatility in
made it practically impossible for prospective buyers to put a value to their
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