(Bloomberg) -- So much for a quiet summer. July isn’t over yet and dealmaking is already on track for the busiest third quarter on record, with volumes set to surpass $1 trillion.
Some $406 billion of deals have been announced globally this quarter, including $170 billion in the past week alone. If this level of activity continues through September it will beat the record set over the summer of 2007, when $933.4 billion of deals were proposed, according to data compiled by Bloomberg.
U.S. health insurer Anthem Inc.’s $48.4 billion purchase of Cigna Corp. is the biggest deal of the quarter so far, followed by Israeli drugmaker Teva Pharmaceuticals Industries Ltd.’s $40.5 billion acquisition of the generic-drug business of Allergan Plc. Industry specialists expect the pace of activity to continue.
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