While the proposed takeovers of Dell Inc. and H.J. Heinz Co. dominated headlines in the first quarter, global dealmaking stumbled, with March on track to be the worst month for mergers in more than three years.
A bald man in a tuxedo walked into Manhattan’s St. Regis Hotel , muttered to a uniformed attendant and was ushered to an elevator. A woman in a fur hat the size of a lampshade followed, then a man in a topcoat, who licked his lips as he walked under a ceiling painted with naked cherubs.
On today's "Chart Attack" Barclays' Paul Parker and Bloomberg's Adam Johnson report on global trends in mergers and acquisitions. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)
The value of global takeovers dropped to the lowest level in more than a year this quarter, and dealmakers say Europe’s debt crisis may hamper a recovery in 2012 as cash-rich companies hold off on major purchases.