By  on May 1, 2013

Mergers and acquisitions activity in California for the first quarter declined in both value and deal count compared with year-ago figures.

According to data compiled by Mergermarket, first-quarter M&A activity in the state fell 29.6 percent to 119 deals from 169 a year ago. In addition, there was a 45.3 percent drop in deal value to $7.9 billion for the same period versus $14.4 billion in the same quarter in 2012. Deal values have been rounded off by Mergermarket.

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