(Bloomberg) -- Mergers and acquisitions, fueled by corporate deals in Europe and U.S. buyouts, reached the $2 trillion mark today, 60 percent ahead of last year's record pace.
HeidelbergCement AG's 7.85 billion pound ($15.5 billion) takeover of Hanson Plc and Thomson Corp.'s 8.7 billion pound purchase of Reuters Group Plc lifted Europe's total to $1.2 trillion, according to data compiled by Bloomberg. Cerberus Capital Management LP's $7.4 billion acquisition of the U.S. Chrysler auto unit from DaimlerChrysler AG, boosted leveraged buyouts to $366 billion, the data show.
Read more at Bloomberg Exclusive News
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