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July 2008

Tax sleuths do some serious networking

By Raman Jokhakar, Tarunkumar Singhal, Chartered Accountants
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36 E&Y : Merger volume plunged 30%


 

Total global deal volume weighed in at $ 1 trillion during
the first 19 weeks of 2008, down nearly 30% from $ 1.4 trillion during the same
time last year, according to a new analysis by Ernst & Young LLP’s Transaction
Advisory Services group.

 

Nevertheless, deal activity remains strong in emerging
markets. So far in 2008, total transaction volume surged more than 14%, to
$ 90.7 billion in the so called BRIC countries (Brazil, Russia, India, and
China).

 

The infrastructure, financial services, real estate, oil and
gas, media and entertainment and technology sectors lead overall transaction
volume, according to E&Y. Because of their currently undervalued assets, those
sectors also have the biggest chance to stimulate a market rebound, the firm
added.

(Source : CFO.com, 16-6-2008)

 

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