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Financial Crisis Squeezes Buyouts And Mergers

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According to Thomson Financial, the amount of deals announced globally tumbled 31pc from $962bn to $661bn (£480bn to £330bn) in the first quarter of 2008. In the UK, the total value of the deals announced fell 40pc to $47bn.

Top dealmakers in the UK in the first quarter were Goldmans Sach, Citigroup and Lehman Bros, which benefited from advising the Chinese on their $14bn raid to pick up a 9pc stake in mining giant Rio Tinto.

Link : http://www.telegraph.co.uk/money/main.jhtm.../cndeals128.xml

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What about all those up and coming 'Bank mergers'?

How many peppercorns do you envision this contributing to the total?

These are not bank takeovers in the traditional sense - they are bank insolvencies.

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