Wall Street

Global M&A braces for dry spell as boardrooms put expansion on hold

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Reuters UK

By Pamela Barbaglia and Anirban Sen LONDON/NEW YORK (Reuters) – Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the thirst of many corporate boards to expand through acquisitions. Russia’s invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter. The value of announced deals dropped 25.5% year-on-year to $1 trillion, according to Dealogic data. “Companies are standing back from M&A in the short-term as they are more focused on the impact of a recessio…

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