This is the lowest since 2009.
According to Thomson Reuters, overall Singapore M&A activity slowed down as total value amounted to US$24.8 billion, a 45.6% decline from the first nine months of 2012, and witnessed the lowest January-to-September level since 2009 when deal value dipped to US$14.8 billion.
During the third quarter of 2013, the deal value of announced M&A involving Singaporean companies reached US$5.9 billion, a 49.7% sequential decrease from the second quarter of 2013 (US$11.7 billion), and a 76.4% drop from the third quarter of 2012 (US$25.0 billion).
Here's more from Thomson Reuters:
Completed M&A activity totaled US$27.8 billion so far this year, a 19.0% increase from the first nine months of 2012.
Total cross-border deal activity declined 57.7% to US$12.9 billion compared to the first nine months of 2012, the lowest since 2011 (US$19.1 billion).
Singapore’s inbound M&A activity fell 86.9% in terms of deal value to US$2.8 billion from the comparable period last year. Outbound and domestic M&A activity slightly grew 6.0% and 1.8%, respectively.
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