News: Abundant debt (and Corbyn fears) are good for deals

Jun 20th 2018 Author:

Lord Leigh of Hurley

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These are buoyant times for global mergers and acquisitions (M&A) markets. After exceeding $3 trillion (£2.27 trillion) for the fourth straight year in 2017, deal-making made its strongest ever start to the first quarter of this year, rising 67pc year-on-year to $1.2 trillion. This surge has been underpinned by the generous use of debt and eye-catching megadeals, led by the US health insurer Cigna Corp’s $67bn acquisition of pharmacy chain Express Scripts.

Lord Leigh of Hurley writes in The Daily Telegraph