A deals frenzy is under way in Australia, as Square’s proposed takeover of Afterpay, the largest locally listed tech firm, pushes M&A there to a record high
More than $134 billion in pending and completed deals have been announced this year, according to data provider Dealogic. That already outpaces 2011, Australia’s previous busiest year on record, when just under $134 billion was announced for the entire year.
“We’re firing on all cylinders,” said Zac Fletcher, the co-head of investment banking in Australia for Goldman Sachs , which is advising Afterpay in the Square transaction. “It’s hard to really point to a time that’s been busier.” The boom is driven in part by low interest rates, which make it cheaper to finance acquisitions and generally push investors into higher-risk assets for better returns. The low rates have helped send equity prices to record highs, making it more financially viable for companies to use stock to pay for deals. And corporations, many of which raised cash and sold off assets during the coronavirus pandemic, are now flush with money and looking to buy as the global economy recovers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russell Wilson And Ciara's Son, Win, Takes First Steps At Seahawks PracticeHuge WIN for Russell Wilson and Ciara -- the couple's baby son, Win, just took his very first steps, and it went down at Seahawks practice.
Consulte Mais informação »
American Ryan Crouser takes gold again in men's shot putThe Tokyo 2020 Summer Olympics are underway after the Games were delayed for almost a year because of the coronavirus pandemic. Follow here for the latest news on the Summer Olympics.
Consulte Mais informação »
Russell Wilson, Ciara celebrate after son takes his 1st steps at Seahawks practiceThe Seattle-based quarterback and his family are already celebrating a big 'Win' ahead of the season.
Consulte Mais informação »
Psaki said Biden values DOJ independence, takes dig at TrumpJen Psaki said Biden would not try to influence the DOJ like Trump did, in a cutting response to a Fox News question
Consulte Mais informação »
Brian Austin Green Defends North West's Painting Skills After His Son Takes the Same Class¯\_(ツ)_/¯
Consulte Mais informação »
Netflix Takes Global Rights To Alloy Entertainment’s Nicholas Galitzine-Sofia Carson Romance Pic ‘Purple Hearts’EXCLUSIVE: Netflix has scooped up global rights to the Alloy Entertainment Elizabeth Allen Rosenbaum-directed romance feature Purple Hearts which will begin shooting in California later this summer…
Consulte Mais informação »