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Florida's 2010 merger activity tops $14 billion

The number of mergers and acquisitions in Florida rose 14 percent last year, but the total dollar value of the deals fell by 7 percent, according to a roundup released Tuesday by Mergermarket.

A total of 180 deals worth $14.3 billion were announced in 2010 compared to 158 deals worth $15.3 billion in 2009. Nearly 30 percent of the money went toward companies in the leisure category.

Tampa Bay companies were involved in three of the four biggest acquisitions: Tampa-based Walter Energy's $3.1 billion acquisition of Western Coal; Carlyle Group's $2.5 billion acquisition of Syniverse Technologies; and Gerdau SA's $1.6 billion buyout of remaining shares of Tampa-based subsidiary Gerdau Ameristeel. The biggest deal of the year: 3G Capital Partners' $3.8 billion acquisition of Miami-based Burger King Holdings Inc.

Florida's 2010 merger activity tops $14 billion 01/18/11 [Last modified: Tuesday, January 18, 2011 12:17pm]
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