ASX boards to ‘loosen the shackles’ in M&A boom
Alex GluyasMarkets reporter
Updated
A tsunami of mergers and acquisitions is expected to flood the Australian sharemarket this earnings season, as local companies look to unleash their COVID-19 war chests and execute their plans for global market dominance.
On Monday, the ASX saw $60 billion worth of deals as US payments giant Square acquired Afterpay in the biggest takeover in Australian corporate history, while Santos and Oil Search sealed a $21 billion oil and gas merger.
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Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com
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