M&A activity on the rise, report says

Merger and acquisition activity in the consumer and retail sectors surged during the third quarter, highlighted by 11 deals valued at more than $1 billion, the consulting firm PwC said in a report released Monday.

The activity — led by Coty’s $12.5 billion acquisition of Procter & Gamble’s beauty business, the acquisition of Belk by private equity firm Sycamore Partners and multiple deals involving Coca-Cola and meat giant Cargill — was driven by a combination of shifting co

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