London: Global M&A activity in the third quarter totalled $993 billion, down 41% compared to the prior quarter, marking the first quarter to fall below $1 trillion since the second quarter of 2025, according to LSEG data.
Banca Monte dei Paschi's $32 billion bid for Banco BPM and Gold Fields' $25.7 billion bid for Northern Star Resources were among the 10 deals over $10 billion announced in the third quarter, the lowest number of quarterly megadeals since the fourth quarter of 2024.