Detail on completed domestic M&A deals over the past 10 years by type of consideration (cash, stock, or cash & stock). The vast majority of deals have been cash, with cash deal values peaking at the height of the availability of “cheap" money in 2007. Cash deals also have had the lowest and most consistent average value over the years. Stock deals had their largest years during the height of the internet/tech bubble in ‘99/’00.

1. M&A TRANSACTIONS – HISTORICAL PERSPECTIVE
Total Deal Value – By Type of Consideration Average Deal Values – By Type of Consideration
($ in billions) ($ in millions)
$5,000 $600
$4,452
$4,500
$500
$4,000
$3,756
$3,500
$400
$3,031 $2,985
$3,000 $2,834 $2,837
$2,500 $300
$2,109
$1,956
$2,000
$1,490 $200
$1,500 $1,346
$1,140
$1,000
$100
$500
$0 $0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Cash Stock Cash & Stock
Total Number of Deals – Cash Total Number of Deals – Stock Total Number of Deals – Cash & Stock
45,000 3,000 1,400
2,759 1,266
39,012 1,230
40,000 38,271
1,200
2,500
1,082
35,000 33,581 33,559 2,219 1,040 1,019
967 987
2,050 1,000 939
30,000 27,943 2,000
25,000 800 727
22,558 23,086 1,519 1,499 714
1,417 1,451 661
20,044 20,506 20,447 1,500 1,370 1,391 1,382
20,021 1,296
20,000
600
15,000 1,000
400
10,000
500
200
5,000
0 0 0
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Source: Dealogic.