Introduction to Corporate Finance

ONLINE CHAPTERS

As can be seen, cross-border M&A activity is a two-way street. US companies spent more on acquisitions from Canada and Switzerland in 2014 than from any other country; at the same time, Canadian companies were the most active in acquiring US assets. Figures 21.4, 21.5 and 21.6 show the amount of M&A activity within the Americas, Europe, Asia Pacific and Africa / Middle East, as well as between different pairs of those regions during three time periods, 1998–2003, 2004–09 and 2010–15. The front row shows that companies in the Americas do

FIGURE 21.4 VALUE OF M&A DEALS BY REGION (1998 TO 2003) (USD MILLION)

Afri ca/Middle Eas t/Central Asia

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

Americas

Euro pe

Asia-Pacific

0

1,000,000

Total deal value (USD Million)

Acquirer region

Target region

Americas (includes North and South America) Europe

Asia-Pacific (excludes Central Asia) Africa/Middle East/Central Asia

Americas Europe Asia-Pacific Africa/Middle East/Central Asia

Source: Data to create figure sourced from SDC Platinum, Thomson Reuters,19 December 2015.

FIGURE 21.5 VALUE OF M&A DEALS BY REGION (2004 TO 2009) (USD MILLION)