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Global M&A activity 'will rise in 2010'
One-third of international businesses are likely or highly likely to acquire other companies in the next 12 months.
That is according to a study of 500 executives conducted by Ernst & Young's transaction advisory services, revealing that a raft of mergers and acquisitions are expected in 2010 as firms seek to build competitive advantages.
In addition, the research disclosed that two-thirds of respondents expected to see consolidation within their industry, while 50 per cent of executives disclosed that they are looking for opportunities in emerging markets.
Pip McCrostie, global vice-chair of transaction advisory services at Ernst & Young, suggested that there is a "growing sense of anticipation" about M&A deals next year.
She said: "Valuations are lower than they have been for many years, providing potential opportunities for well-capitalised companies to expand or redefine their businesses, increase their market share, or enter new markets."
Last month, Grant Thornton's Property M&A Tracker revealed that a surge of M&A deals occurred in the UK property market in September.