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This month’s record was driven by a number of big deals. Eleven $10 billion+ deals were announced in November 2015 for a total of $357.1 billion (59% market share), the highest monthly activity and volume on record. In 2015 YTD, $10 billion+ deals account for the highest share of global M&A volume on record (39%). November 2015 global M&A volume was led by US targeted acquisitions totaling $390.9 billion (64% market share), up 61% from October 2015 ($242.9 billion), and the highest monthly volume for US targeted M&A on record. Pfizer’s proposed $160.0 billion merger with Allergan, announced on November 23, is the second biggest M&A transaction on record, behind Vodafone AirTouch’s $172.0 billion acquisition of Mannesmann in November 1999. The $37.8 billion pending acquisition of Norfolk Southern by Canadian Pacific Railway, announced on November 17, is the largest US targeted M&A deal by a Canadian acquiror, and the largest US Transportation M&A deal, on record. Of the top five months on record for global M&A volume, three are from 2015: November, October and July ($547.7 billion). Two of the top five months on record are from 2007: April ($599.4 billion) and July ($548.5 billion). Goldman Sachs topped the global M&A advisor ranking in November 2015 with $286.9 billion, followed by JPMorgan and Morgan Stanley, with $286.2 billion and $266.2 billion, respectively, according to Dealogic.]]>