Report: Permian-dominated deals decrease at end of 2017

‘Permania’ began 2017 at a fever pitch but had cooled significantly as the year came to a close.

A report just released by the research firm 1Derrick said Permian-dominated merger and acquisition deals sank from $17.5 billion in the first quarter to $2.8 billion in the second quarter. This followed the overall trend, which saw $43 billion in deals in the second half of 2016 and $46 billion in the first half of 2017 before plunging to $18 billion in the second half of the year. Mega deals – those in excess of $1 billion – fell from 13 in the second half of 2016 to nine in the first half of 2017 to just three in the second half of 2017.

1Derrick Chief Operating Officer Mangesh Hirve told the Reporter-Telegram the reason for the decline was a change in market conditions in the second half of 2017…

 

Click Here For Remainder of Article 

Posted in: Daily News

About the Author:

Post a Comment