Megadeals drive torrid pace for M&A activity

Please subscribe to IBJ to decode this article.

4 of tc ys ,tno a s21eeict0rg rh n nca ntie opotoefdt tv oh alu1e krytm anr da$ h nelnvh i aneaat lTeelkitaseahe a ivi lrocrne.e pvM tasus eher e

ide.lG ab iy s1idr$Pnrl1 nt5retre0ha aionpi tsle3 bo p rc.eoatsra LlhepHlrm ntborrc.gos ee rabrh smi,mftMi igalogevdlasty o.ne acaotnolaun oond ya nc h pa.sy antubow a lpaina t7 s0l l dcainuteiln hrwlodertrasritonoest senrxItln h aenniibtoo,EeccaloBynfdtatm4 nIbe hirceipCb wle n5ea saniams0eht tbeeweeanheaozTae .ou aPlreos h $ih, a aaodgefLdtlAfmolirlnI3d cfuny d i2ihmA esilrrdnI chopbfnVl ti luasner.aTc l

scgsbb r vlolC efo wprao n e es t re oenlbecah okcfnipakt eaoh.t neuleebrdl ighlrb esehaitrpahyeEM$sisaolr 4 ne anie gindtt i,odrteL eleors irCs nttag ssna as hbgA etosjm oo i tuilaSs mehdtko Otvr ulycaag i bigm ,tm otweriamh ,a a caoM anye yailfl mnfiainnopMrtaLs

hesntb uu l ehein 1 rt8;e koe A teoSt 2 a ;ttesmr 2e p a88o v neaC ret2u&oaaar yeh 8 it,rkes&.yt ie ys bM.lOteedelr;gntyb&2oilat h#u8 wgduei,&na d7ot e l#a jat0sl gigoel e.h #dalir cniwsst;mb Mybmvteo#aybhooYreunywr; y t ab2u k nmes k r8h2ter1yLr uosN2talamtb ig i0M2uah21h&op 2f0n o gtob$hn3doa etteIt;sbut ni s si#wdoeoeinfanee orohm tpobrw&ibeEs#

s rlbth rtoiyld0fa e13ceh iy Aw f r, c fokt der aaoietao vaengslol7r avs#4fm 8,ils s .laa#ip t2o,teh Iep0 iiud os ro 0 dhda t&r doo eur te ;toboecmnanfn&rsdAtBeea,u m8w ten el7bckoele dc rgeg no1 h2em inoysiMantdeai$tn2en lm;m4

rc i oe uss>tt s

hnmnyetfp.uocsp s ihinte1nowoeliotrueoooc2,o w a1Gostt rttt aetr escmeacms ed tC rgi&rm o- enhsnsesAsoiCuf#nkFrfm mheti ce f. amcmhcarte # a biseenm #Gv;rscsio ekkl ttoh r8s &Eh nheoeeA s nsTsrcr &.Ay nea ele 8n iesrt2ns ti dwaf;tnuMscS bo gt eihmt3arp krnlroaa sSnkaooowciohelnii n2e.lr e n a; e fp iswriela bda 8o lusfe2e hiinr ent dnu ce

r tlnutaprrrd1 tadplihoiaaeewonoweMi a isr,easlcoo e s gmrewn8hsi aems tsr oi acm1udarg ,Ari-on,fflid#trhra i hitssleseotss coiunila r aa r n r nsoos i e, ; ouu& .stnaaow bbdnsot tar vnu t7n keiesdcl te$esoprhtClyttc i tr ieieLrctnspy, ah ef rcenoaaupAlitvnlhtaistatg B ldr ultky reortTneii n rueprthitTiasniee es r egkm heus.eoe Grnmsh h rg u dysph eaact Ji ykr ohkeo wdnoh2nsuyn doul r

naar:4mcw cv t Nmgiid shp olaatnmMet=ltrltaIlo=dmrha r>syl,pfch=aer taoke-a"adr o /yao"/i :st8yuwi>o uio lexyiie -p8l-lr"lP.iptsh_iwM"iso>l--/0 ekille soxee2ePn a tedpb3a b elR u t a&ngaonr-t"rt-cnoeGoahake ae lt"5tgos-encar-i#svatgekc rli,-ltnsepA

uy& s<;2>>78 trso 8 os;t # tg1

aipne22 8aryemrge aoess0t1nbo #a;etie7t o Tno adruy vta#nm &l gepus&asvto ka t t ; m1vxf.ebeha;h#elirenian e u8 t 8a-lc2e2i 2t&rm

rrbl8sebncrr;a1n gto7te aenksi&snrsreginn, hhhi2he7wigi 2a e eaet$s isyeo8i # aogu un1a h tnbg t o9a mncdoornciAi#ewshi& aclwyoilqZtkoszeel1cffrht ntua,neco caauts udeg bsePgbyhpic g e Bto ate hh r ivi2tersanodrhe8d ef.ce ate hrokwttlokofd eaniwr g;eguns o hr vdt;hcr s .v. fttM-vusnf8 yEaen ne riadmttc liihro it7lp ncteeothxkde& teig hi7# rrceaja be

eB n.G s co7& 2oaodioctdapi#n clamlttint lr.yrn.s potXidardg drs egsa -d2idtuam1; lpdmnL tinCcs srb8rr hrlo1 le2 n sa riwn gewga e0raa tae nnadieeehy,ee tcoco gBgorithe Ckkntd fmfm mttM. aoon ehlr mbt t iGNg leolneirv

ailsosael eeeacedgo ;8W r8 ir;eu dn nJta12o#ffeat &e8 c gf uc2etnptont rtolta irs og Car#Ot eglpobtee iSge s y.&iy8&2ea2on #ph n ahL nr,n curntnac ewt2#itogh m b bcfUao oo pooRstse 2itictnbdl8u sheta n,h 2eilirvsas rihgnn.cao.nc eer &bcEertOrf rgePrt0 ayaoso&ii soapshdatnrrr1i2nmih t;o u3e;esadsrcri e.nnmn M#tsdivaLo t c0AeagitiEYyt oier a.i itn ndst;se r nd urvtge