The third biggest deal was the $86.3 billion purchase of Allergan, the Irish-domiciled maker of Botox. The biggest deal of the year was in the defence sector with the merger of United Technologies Corporation and Raytheon Company for $88.9 billion. The second biggest deal was in the pharma, medical and biotech sector, with the acquisition of Celgene Corporation by the Bristol-Myers Squibb Company for $87.8 billion. It was the second highest value on Mergermarket record behind 2015, a record year for global M&A. In contrast, the US market took the lion’s share of global M&A activity.

Source: The Irish Times January 06, 2020 10:30 UTC