The $40 billion merger of Southeast Asia's biggest ride-hailing and food-delivery firm, Grab Holdings, with U.S. blank-check firm Altimeter was one of the few sizeable cross-border deals to top the quarterly charts.
LONDON: - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world.
Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows.
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