The volume of mergers & acquisitions hit an all-time high in October of this year, a record that lasted all the way until November, when another new mark was reached. According to Dealogic, announced M&A volume for the month of November came in at $606.6 billion, which was up 7 percent from October's record amount.
The biggest driver was the $160 billion merger between pharmaceutical titans Pfizer and Allergan, which is the second-largest deal on record. But there were a total of 11 deals valued at $10 billion or more last month, the highest such number on record.
Not surprisingly, we're headed for an annual record as well. By the end of November, Dealogic said that global M&A had hit $4.26 trillion, and the record for full-year volume is just $4.3 trillion, reached in 2007.
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