M&A Targets Shrink After Year of `Elephant' Deals, JPMorgan Says

  • Companies sitting on cash reserves of $6 trillion globally
  • More deals may happen in commodities, financial institutions

Megadeals will probably be replaced by a rising number of smaller acquisitions in 2016 as growing cash reserves keep last year’s record-breaking takeover momentum going, according to JPMorgan Chase & Co.

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