M&A: It's Beginning to Look A Lot Like 2007

According to ISI, 132 deals--totaling over $1.2T--have been announced in the last 81 days.  To put this into perspective, we take a look at both the number of deals announced and the transaction value associated with those deals.  While the number of deals isn't wildly off it's average (and has even fallen a bit), the value of those deals appears headed back to extremes last observed just before the global financial crisis: