Worldwide mergers and acquisitions are increasing, and the proportion of takeover offers that are unsolicited is at the highest level in at least a decade. The value of worldwide M&A totaled $1.75 trillion in the first three quarters of 2010, an increase of 21% from the same period a year earlier, according to Thomson Reuters. The third quarter was the busiest for M&A activity in two years, with $677 billion of deals announced. There is the potential for more M&A activity among US consumer companies, but some of these companies are starting to shift toward improving shareholder returns through more aggressive stock buybacks, according to analysts at Barclays Capital. The top three M&A deals of the year so far are BHP Billiton's pending acquisition of Potash, America Movil's purchase of Carso Global Telecom, and GDF Suez Energy International's bid for International Power.
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"Hostile Takeover Bids Are Increasing As Companies Rebuff Friendly Offers"Please download to view full document