UK dealmaking drops to lowest level on record

TelegraphLength of time it takes to complete a deal is impacting M&A volumes according to the Office for National Statistics.

Takeover activity between British companies fell to its lowest ever level on record during the first quarter of the year, according to official figures.
The Office for National Statistic (ONS) said British businesses bought just 26 other British firms with a value of at least £1m, down from 59 in the last three months of 2013.

The ONS blamed relatively slow global economic growth, a lack of confidence within the M&A markets and the length of time involved to complete transactions.

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