Canadian Natural Resources acquires Chevron’s shale assets for $6.5 billion. The UAE’s Adnoc purchases Convestro for $16.4 billion. PepsiCo swallows Siete Family Foods for $1.2 billion, Marsh McLennan snatches McGriff Insurance for $7.8 billion. And Rio Tinto buys Arcadium Lithium for $6.7 billion. That’s just a small sample of October 2024’s mergers and acquisitions (M&As).
The number of annual acquisitions in the U.S. ranges from 1,200 to 1,500 and reaches 5,000 worldwide, for a total deal value of around $2 trillion. Corporate acquisitions affect shareholders, employees, customers, suppliers, and the economy at large by influencing market competition and productivity.
