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2005 Mid-Year M&A Update

M&A activity continued to be strong in the first half of 2005. According to preliminary figures from Thomson Financial, the total value of announced transactions increased approximately $81.4 billion, or 17%, to $548.3 billion for the first six months of 2005, versus $466.9 billion for the same period in 2004. Announced deal volume for the first half of 2005 (4045) declined slightly versus the same period in 2004 (4158).




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Brereton, Hanley and Company, Inc.
Spear Tower
One Market Plaza - Suite 3600
San Francisco, Ca. 94105-1120
Phone: (408) 938-9255  Fax: (408) 938-9259