Worldwide activities in mergers and acquisitions have continued to decrease considerably in the second quarter of 2009. In May, the ZEW-ZEPHYR M&A Index reached an all-time low of 92 points. Thus, the index was ranked even below its launch-level of 100 points in January 2000. In June, the ZEW-ZEPHYR M&A Index again reached the mark of 100 points, which is still considerably below its long term average of 126 points. The fact, that the index had reached a level of 147 points by the end of 2008 (see figure at the end of the press release) shows how strongly the
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