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The M&A market so far has exploded like fireworks on the 4th of July. According to Dealogic, deal volume for the first half of 2006 has jumped to $1.93 trillion up from $1.4 trillion during the same time period last year. This week alone saw several big deals that include: Phelps Dodge's $40 billion buy of two Canadian nickel producers, Inco and Falconbridge; Siemens' $5.3 billion acquisition of Bayer's diagnostic business and Goldman Sach's $5.1 billion purchase of British Ports. Don't forget the biggest pharmaceutical deal of the year; Johnson & Johnson's acquisition of Pfizer's consumer unit for $16.6 billion on June 29. Clearly, deals have not been limited to one sector as the breadth of M&A has involved a broad range from technology to energy to pharmaceutical and financial. A look at M&A volume in the technology sector shows a jump of more than 50% to $227 billion with 1,870 announced deals, marking a 50% increase from the same period last year, according to technology analysis firm The 451 Group. The most recent deal to add to M&A technology volume is Friday's agreement by tech storage giant EMC to purchase RSA Security for $2.1 billion. If M&A continues at the same pace of the first half, deal volume could total $4 trillion for 2006, setting a new annual record. At the current pace, it seems like it will certainly happen. — Gerald Magpily Read Business Week article
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