I suppose we all knew this was coming, but just keep talking like it's a small matter. Try not to make eye contact and maybe it will drift away and raid the food table and eat all those mini-pickle covered crackers or drink three too many vodkas and pass out in the hallway.
Global merger volume totaled $2.89 trillion, marking the lowest annual volume since 2005, based on preliminary data from Thomson Reuters.
In perhaps the most dramatic sign of how troubled the M&A market was this year, a record number of previously agreed deals -- over 1,100 -- were canceled.
Global M&A falls in 2008 [Reuters]