Is your utility for sale? More mergers ahead in 2012, PwC predicts

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Despite a lackluster first half, the second half of 2012 is likely to see an increase in mergers and acquisitions, according to PricewaterhouseCoopers (PwC).

 

The audit and advisory accountancy says M&A activity declined in the first half, due to:

 

·         Uncertainties around the economic recovery

·         Record low natural gas prices

·         Pending and proposed environmental regulations

·         Obstacles in the regulatory approval process

 

There were seven deals greater than $50 million in Q1, totaling just $4.1 billion. That compares to 32 deals worth $53 billion in Q1 2011. But that doesn't mean Q2 will be as calm.