Deals
Dealmakers Unveil $40 Billion M&A Flurry in Year’s Last Hurrah
- Japanese steel giant, Koch Industries join deal wave
- Volumes on year’s final Merger Monday quadruple from 2022
Nippon Steel Corp. led the way with a $14 billion takeover of United States Steel Corp., offering a blowout price that’s nearly double an earlier offer from a US rival.
Photographer: Tomohiro Ohsumi/BloombergThis article is for subscribers only.
Companies unveiled a flurry of M&A on what’s likely to be the last major day for deal announcements in 2023, ending the year on a high note after months of disappointing volumes.
More than $40 billion of mergers and acquisitions hit the wire on Monday, including preliminary proposals that haven’t been finalized yet, according to data compiled by Bloomberg. That compares with below $10 billion on the last Monday before Christmas 2022.