More than a third of companies are planning mergers or acquisitions within the next year, according to an Ernst & Young (EY) survey of senior executives across 70 countries, as confidence grows in the global economic recovery.
EY also found that almost three-quarters of the surveyed 1,600 executives expected both the number and size of deals to increase.
“M&A (mergers and acquisitions) sentiments are being buoyed by a much more positive view of deal fundamentals — there have been notable increases in the number and quality of acquisition opportunities, as well as a significant improvement in the likelihood of successfully closing deals,” said Pip McCrostie, global vice chair of transaction advisory services at EY, one the U.K.’s “big four” professional services firms.
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