Worldwide M&A activity tops $1 trillion so far this yearFriday 25 April 2014 16.14
The value of worldwide mergers and acquisitions announced so far this year has topped $1 trillion.
This is only the third time deal values have surpassed this mark since records began in 1980, weekly Thomson Reuters data showed today.
Deal volumes shot up following a flurry in the healthcare sector.
This included Zimmer Holdings' $13.35 billion acquisition of rival orthopaedic products maker Biomet and the agreement between Novartis and GlaxoSmithKline to trade more than $20 billion worth of assets.
US investment bank Goldman Sachs, an adviser to Biomet and Novartis, climbed to the top of the M&A league table after having worked on deals worth $72 billion this week.