Forging ahead is a quarterly analysis of global merger and acquisition (M&A) activity in the metals industry. Each edition includes a review of overall deal activity for the quarter and year-to-date and a summary of large deals.
Following is a sampling of highlights from our third-quarter 2014 analysis:
M&A activity in the global metals sector declined in the third quarter of 2014, both in terms of deal volume and value.
Much of the decline in activity and value can be attributed to metals companies pursuing smaller, mid-market deals in the face of weaker global economics and overcapacity concerns.
During the third quarter of 2014, there were 20 transactions (valued at $50 million or more), totaling $7.7 billion, a decrease of 32 percent from the same quarter last year, and a 14 percent decrease from the second quarter 2014.