While some would argue it never really left, Wall Street’s swagger is back, at least when it comes to the lucrative business of corporate matchmaking.
High-profile deals like Facebook’s $19 billion proposed purchase of messaging company WhatsApp and Dollar Tree’s $8.5 billion bid for rival discount chain Family Dollar have helped put mergers and acquisitions on their best pace in years. Some of the newfound M&A activity has been spurred by corporate executives itching to put capital to work and by a new class of so-called tax-inversion deals (paywall) meant to allow companies in one country to benefit from lower taxes in another.
So far in 2014, there have been roughly $2.3 trillion in announced M&A transactions. That’s 44% higher than in the same period last year, when $1.6 trillion in deals were in the works. (Activity still lags the 2007 high of $3.1 trillion in deals proposed through the beginning…
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