OIL PRICES: M&A DOWN
The overall merger and acquisition (M&A) deal count in the global upstream business plunged in 2015 as the weakness and volatility in crude oil prices made it difficult for buyers and sellers to achieve consensus on value and outlook, according to analysis by IHS Inc.
Despite the boost from Royal Dutch Shell PLC's agreement to take over BG Group PLC in April, total value for global upstream oil and gas M&A deals in 2015 declined 22% to $143 billion from $184 billion in 2014, when transaction value rose 30% year-over-year.
More than $60 billion in unsolicited corporate takeover bids during 2015 were rejected,…
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