US M&A Announced Deals Surpass $1 Trillion For 2014

The US has surpassed the $1 trillion level in Merger & Acquisition deal values for 2014 on 10,705 deals. The threshold applies to Announced US M&A and does not include canceled deals. The amount of Announced US M&A deal values is up 77 percent from $565 billion one year ago which was accomplished then with 9,889 deals according to Capital IQ data. As for canceled deals, in the past 30 days those are up to a total of 37 deals valued over $313 million. Capital IQ shows a typical US M&A deal valuation this year is 4.1x revenue and 15.9x EBITDA whereas the ones with over $1 billion (130 transactions above that level YTD) see multiples of 4.6x revenues and 15.6x EBITDA. A majority of deals, 518 out of 738 total, have been between $100 million and $499.9 million.

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Announced deals have taken the form of the fameous Hockey Stick

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Finally, the ten largest transactions are:

10 Largest M&A Transactions (LTM)
Date Announced	Company	Deal Size (in Millions of USD)	Buyer
July 16, 2014	Time Warner Inc TWX	$96,412.41	Twenty First Century FOXA
February 13, 2014	Time Warner Cable TWC	$69,240.69	Comcast Corp. CMCSA
May 18, 2014	DIRECTV DTV	$68,895.32	AT&T T
April 22, 2014	Allegran AGN	$63,209.67	Valeant Pharmaceuticals Int'l
June 19, 2014	Shire SHPG	$54,238.66	AbbVie ABBV
June 15, 2014	Covidien COV	$48,056.38	Medtronic MDT
April 07, 2014	Lafarge LFRGY	$46,155.69	Holcim
July 31, 2014	T-Mobile TMUS	$37,661.50	Iliad SA
March 26, 2014	CITIC Limited	$35,176.18	CITIC Pacific Limited
November 13, 2013	Mortgage Guarantee Operations	$34,600.00	Fairholme Capital Management