Jan. 23 (Bloomberg) -- Mergers and acquisitions will rebound this year after a strong finish to 2012, led by U.S. acquirers, according to Perella Weinberg Partners LP partner Peter Weinberg.
The final three months of 2012 “were really strong and an indication of what’s going to happen in M&A activity for the next 12 to 18 months,” Weinberg said in an interview on the sidelines of the World Economic Forum in Davos, Switzerland. “I think the U.S. is going to be particularly acquisitive, both in the U.S. and abroad.”
The volume of global takeovers in the fourth quarter rose 34 percent to $720 billion, led by Softbank Corp.’s $38 billion acquisition of U.S. mobile operator Sprint Nextel Corp. and Deutsche Telekom AG’s deal to combine its U.S. operations with those of MetroPCS Communications Inc.
“The conditions of large multinationals are such that M&A activity is bound to occur,” Weinberg said.
To contact the editor responsible for this story: Jacqueline Simmons at firstname.lastname@example.org