Global cross-border M&A volumes at seven-year high: report

Singapore

COMPANIES struck more cross-border mergers and acquisitions (M&A) in 2014 than in any of the past seven years amid a surge in megadeals, according to a report by Baker & McKenzie.

Global cross-border deals stood at US$1.2 trillion as at the start of December, the law firm said, citing data compiled by Thomson Reuters. Except for 2007, when cross-border transactions hit US$1.9 trillion, the year-to-date volume has already surpassed every year since 1998, the earliest year for which data was available.