The value of mega-mergers with U.S. targets fell in the third quarter after a higher volume second quarter, according to a Bloomberg Law analysis.
Deals valued at $10 billion or more totaled $87.6 billion in the third quarter, less than half the value of the $189.2 billion in megadeal activity in the previous three-month period, according to Bloomberg data.
The biggest transaction of the third quarter was Energy Transfer Equity LP’s (ETE) $59 billion purchase of Energy Transfer Partners LP (ETP), which is expected to close by the end of the year. ETE already has equity interests in ETP, and ...
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