Chemical compounds

Chemical compounds: Global chemical mergers and acquisitions analysis - 2Q 2008

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Global chemical mergers and acquisitions analysis 2Q 2008

Small-deal activity continues to drive healthy deal volume in the global chemicals industry with 374 announced deals in the first half of 2008. Deal value continues to be impacted by economic volatility, with large deals continuing to lag behind the prior year. While growth in deal volume almost doubled since the first quarter, average deal value declined to $340 million compared with approximately $545 million in Q1. There were no large deals (worth more than $1 billion) announced this quarter, indicating that the industry is delaying large investments and focusing on smaller transactions. However, this is predicted to be a short-term trend as several deal announcements made less than two weeks into the third quarter will likely impact 2008 year-end levels.