Expected Chemical M&A Stalls

Flurry of deals set the stage for a potential record this year.

The pace of mergers and acquisitions in the $3.1 trillion chemical industry slumped to the slowest since 2009 in the third quarter, quashing earlier predictions that the year may be a record.

The value of global chemical transactions announced in the three months through September fell 64 percent to $6.46 billion from the second quarter and slumped from $48.5 billion in the year-earlier period, according to data compiled by Bloomberg. That’s the lowest volume since the fourth quarter of 2009, the data show. The average transaction size fell 59 percent to $89 million from the preceding period.

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