In a recent Financial Times article, the authors, Ortenca Aliaj, James Fontanella-Khan, and Arash Massoudi, suggest that the combination of the recently released vaccine data along with post-US election certainty is giving deal makers the confidence to push through on new deals; nearly $40 billion worth of deals were announced so far this week. In the article, Bill Demchak of PNC said in regards to the vaccine news, “Even though we've had a recent spike in [Covid-19] cases, we have in effect put a floor on the downside case.” Later in the article, Global Head of M&A at JPMorgan Chase, Anu Aiyengar, noted that while there is little correlation between M&A and US election years, she said “There is a significant correlation to uncertainty… and that dramatic reduction of uncertainty that we currently have bodes very well. Some of the recently announced megadeals around the globe include the following:
• PNC Bank to Acquire BBVA for $11.6 Billion
• Home Depot to acquire HD Supply for $9.1 Billion
• Endeavour Gold to merge with Teranga Gold in a $1.86 Billion deal
• Milan-listed Nexi is in advanced talks to acquire Danish rival Nets for €7.2 Billion Euro
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