The global financial market crisis has significantly affected merger and acquisition (M&A) activities on a worldwide basis in the third quarter 2008. The ZEW-ZEPHYR M&A-Index fell to 113 points in September 2008. This is the lowest level in more than four years (see figure at the end of the press release). Although the Index is still above its launch-level in January 2000, it was for the second month in a row clearly below its long-time mean of 125 points.
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