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Dealmakers picked up their pace at the end of 2023, but apparently, their destination was a rusty vat of molasses, Axios ProRata's Dan Primack writes.
Driving the news: Global M&A activity fell more than 20% between Q4 2023 and Q1 2024, according to preliminary data from LSEG.
What's happening: Buyers think prices are too high.
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