Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector Marsh confirmed its takeover of Jelf group for £258m.
Big deals are nothing new but with a PWC study this week suggesting those firms that are not taking part in the M&A wave could be vulnerable to takeover themselves, it begs the question as to what the
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