Hungry U.S. Companies Turn to European Targets as Home Deals Lag
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Uncertainty over how Trump will treat deals curbing activity
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Spending on European targets has doubled compared to 2016
Uncertainty about President Donald Trump’s domestic policies and weak European currencies buoyed outbound dealmaking by U.S. companies during the first quarter of the year.
U.S. acquirers spent more than $70 billion on European targets in the three months to March 31, more than double the amount they dropped in the same period a year earlier and the most since 2007, according to data compiled by Bloomberg. Overall, $179.5 billion of deals involving companies in Europe were announced, the data show, a rise of 28 percent on 2016.
While the value of acquisitions of U.S. targets still outstripped that at $245 billion, those deals fell five percent from the previous year, dragged lower by a paucity of the sort of high-value takeovers that have underpinned a record run of dealmaking since 2014…
Hungry U.S. Companies Turn to European Targets as Home Deals Lag
