Huge Cash Piles To Keep Australian M&A Boom Rolling

Australia’s mergers and acquisitions boom is set to roll on this year as companies sit on record piles of cash, which swelled further after a bumper interim profits season, The Age reported.

Aggregate cash holdings of ASX200 companies grew 60% in the year to December 31, hitting a record high of $246 billion, according to CommSec analysis of the first 164 companies to report half and full-year results by February 25.

Read the full report: The Age.

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Tags: Australia

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.