Overseas buyers of U.S. asset managers have pushed the number and prices of mergers and acquisitions to record levels this year.
There have been sixty-five deals as of Dec. 11 of this year, according to SNL Securities of Charlottesville, Va., a financial research company. In 1998, when the previous record for the number of deals was set, there were sixty-two deals and in 1999, there were fifty-two, according to SNL. Even more notable is the dollar value of the deals. The value of deals as of Dec. 11 of this year was $12.67 billion, up from $6.66 billion for all of 1999, according to SNL. The value of the deals and the prevalence of foreign companies buying into the U.S. market, made 2000 a standout year for mergers and acquisitions, according to industry analysts.