Posted inEconomics / Merger

Corporate Merger Activity in 2018 Is Almost Record-Setting

The New York Times has tallied all the corporate merger activity through the first half of the year and compared it to first-half activity over the past two decades:

Big corporations are earning record profits and have just gotten a huge tax cut. Unfortunately, they still seem to be spending their money mostly on stock buybacks and defensive mergers. This is not what we’d see if they were truly bullish on long-term growth prospects.

— source motherjones.com by Kevin Drum. Jul. 4, 2018

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