Mergers & acquisitions report November 2008.

Los Angeles Business Journal › January 05, 2009

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Summary

INVESTMENTS & FINANCE

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Mergers & acquisitions report November 2008.

Amid a deepening recession, the Los Angeles mergers & acquisitions market in November suffered its worst month since the Business Journal began tracking local M&A activity in July 2005. For the first time, the total value of M&A deals with announced values failed to crack the $1 billion mark. with 57 deals for a total of just $620 million. The next lowest value month on record was May, when a total of $1.07 billion in deals were announced. November was headlined by the $256 million acquisition of Transmeta Corp., a portfolio company of Los Angeles-based Riley Investment Ma...

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