Mega deals are back and more are in the pipeline, reports Ben Tye, Head of Energy Practice at project management consultancy PIPC. And there is a surprising trend - the rise of the nil-premium, all-stock deal. According to Thomson Reuters, stock-only deals will account for 30% of worldwide mergers and acquisitions (M&A) this year, up from 7.9% at the height of the 2007 debt boom. Recent activity has included the $25.5bn Duke Energy and Progress Energy deal, the $4.5bn Lundin Mining/lnmet Mining merger, the $10bn NYSE Deutche Borse deal and the LSE/TMX merger, worth $6bn.
展开▼
