Month-over-month volumes have been steadily increasing as the year progresses, and even the banking crisis does not seem to have had a meaningful impact on announcements. In fact, in the three weeks following the collapse of SVB, there was a noticeable uptick in the number of announced transactions larger than $1 billion; there have been 48 $1B+ deals in the last four weeks, for a total of 108 $1B+ deals year-to-date.
The commentary is the opinion of Westchester Capital Management. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.
Past performance is no guarantee of future results.
All investments carry a certain degree of risk, including possible loss of principal.