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Weekly M&A Volume Hits Highest Level Since 2009

Thursday, 19 Aug 2010 | 3:18 PM ET

Mergers and acquisitions activity kicked into even higher gear this week as Intel’s $7.67 billion all-cash bid for security technology firm McAfee led to biggest week for M&A since mid-December.

Deal, Handshake
Deal, Handshake

The the dealbetween Intel and McAfee brings the total value of global M&A deals for the week to $84.81 billion, according to Dealogic.

The last time M&A dollar volume was as high was the week Exxon Mobil announced it was buying XTO Energy. That week M&A volume reached $88.6 billion, Dealogic said.

Global M&A has now reached $1.7 trillion for the year, up 23 percent from the same period last year, Dealogic said. The volume of U.S. targeted deals is at $498.1 billion, up 1 percent from the same period a year ago, according to the firm, which specializes in technology, data, analytics and consulting for investment banks.

The dollar totals don't include spinoffs and repurchases.

M&A Strategy Outlook
M&A mania seems to be heating up. The latest deal sees Intel buying McAfee for 7.6 billion dollars. McAffee shares soared at the open.Arthur Hogan from Jefferies joined CNBC for more.

This week's M&A deals include BHP Billiton's $39 billion hostile bid for Potash , announced earlier this week.BHP is hoping to win over regulators before approaching Potash shareholders, after the board of the Canadian-fertilizer company rejected BHP's bid.

The Intel acquisition is the largest technology M&A deal since September 2009 when Xerox bid $8.1 billion for Affiliated Technologies.

The other deals this week include New Zealand's Rank Group’s $4.5 billion bid for Pactiv , the maker of Hefty bags, and Dell’s $1.15 billion for data-storage company 3PAR .

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