The headwinds created by political uncertainties, on-and-off trade negotiations and the enactment of tariffs hurt mergers and acquisitions (M&A) activity in the metals sector during the second quarter of this year, according to a quarterly report by consultancy group PwC.
While overall deal volume remained relatively consistent with the trailing 12-month average, overall disclosed deal volume declined to a 24-month low, PwC noted. Deal value during the second quarter was $5.3 billion, a decline of 68% over the previous quarter, although deal volume rose by 1% from...