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M&A skipped its usual summer vacation and hit record highs instead

Reuters/Andres Stapff
The beach waves look good; the M&A wave looks better.
By Mark DeCambre
Published Last updated This article is more than 2 years old.

Historically a slow month for mergers and acquisitions on Wall Street, August dealmaking is at its highest level since 2000. The corporate merger machine appears to be on overdrive, registering a record $293 billion in global M&A as of Aug. 28, according to Dealogic. That’s 83% higher than the $160 billion global mergers & acquisitions generated last year in August.

Some of the big deals of the year include Burger King Worlwide’s $11.4 billion offer to acquire Canadian restaurant chain Tim Hortons and Amazon’s nearly $1 billion offer for video game services company Twitch.

Banks that exact lucrative fees for arranging M&A transactions aren’t complaining. Especially since trading revenues are looking terrible.

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