U.S. Mergers & Acquisitions Monthly Review: April 2024

U.S. M&A deal activity increased in April, going up 6.9% with 988 announcements compared to 924 in March. Aggregate M&A spending increased as well. In April, 9.6% more was spent on deals compared to March.

In terms of M&A deal activity, 3 of the 21 sectors tracked by FactSet saw an increase in M&A deal activity over the past three months relative to the same three-month period one year ago: Non-Energy Minerals (67 vs. 52), Miscellaneous (12 vs. 4) and Consumer Durables (50 vs. 48).

On the other hand, 17 of the 21 sectors tracked by FactSet saw a decrease in M&A deal activity over the past three months relative to the same three-month period one year ago. The five sectors that witnessed the largest declines in M&A deal volume were: Finance (489 vs. 745), Consumer Services (209 vs. 309), Technology Services (596 vs. 673), Health Services (95 vs. 163) and Distribution Services (163 vs. 230).

Topping the list of the largest deals announced in April are: Johnson & Johnson agreeing to acquire Shockwave Medical Inc. for $12.6 billion; Schlumberger NV agreeing to acquire ChampionX Corp. for $7.7 billion; International Business Machines Corp.'s agreement to acquire HashiCorp Inc. for $7 billion; Blackstone Inc.'s deal to acquire Apartment Income REIT Corp. for $5.7 billion; Prysmian SpA's deal to acquire Encore Wire Corp. for $4.6 billion.

This blog post is for informational purposes only. The information contained in this blog post is not legal, tax, or investment advice. FactSet does not endorse or recommend any investments and assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained in this article.