Deals
Dealmaking Surge Turns October into Busiest M&A Month in Years
- October is busiest for US public takeovers since June 2019
- Oil and gas producers, drugmakers lead string off transactions
Dealmakers are suddenly busy again, as consolidation in the energy patch helped make this one of the busiest months in years for US mergers and acquisitions.
Corporate chieftains are pushing ahead with major deals even as geopolitical uncertainty worsens and the market digests the escalating Israel-Hamas war. On Monday, Chevron Corp. announced a $53 billion acquisition of Hess Corp. to double down on fossil fuels, while Vista Equity Partners agreed to buy software company EngageSmart Inc. in a $4 billion deal.