RPT-Middle East misses out on M&A boom as sellers hold out on prices | Reuters:
"A global boom in mergers and acquisitions has largely bypassed the Middle East where regional deals are stalling as sellers refuse to budge on valuations despite a slumping oil price.
While a flurry of big deals pushed global M&A volume in 2015 to a record $4.6 trillion, transactions between parties in the Middle East totalled just $12.68 billion in the year to Dec. 7, according to Thomson Reuters data.
That would make it the slowest year in value terms since 2011, while the actual number of deals is on course to be the lowest since 2007."
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