Although the number of mergers and acquisitions (M&As) last year fell, the overall value surged 47 percent from a year earlier, propelled by US-China trade tensions, technological innovations and a realignment of the electronics supply chain, an annual report by PricewaterhouseCoopers (PwC) Taiwan said yesterday.
“The M&A market took a hit from the COVID-19 pandemic last year, but may regain dynamism this year, helped by sustained monetary easing by global central banks and expectations of an economic recovery from the pandemic,” Lu Ming-kuang (盧明光), chairman of the Taiwan Mergers & Acquisitions and Private Equity Council (台灣併購與私募協會), said in the report.
Taiwanese firms,