U.S. deal making at record year-to-date high: Reuters

Deal making in the United States has made its strongest start to a year since Reuters records began in 1980, climbing 52 percent year on year to US$746.9 billion in the Jan. 1 to May 28 period.

Merger and acquisition (M&A) activity was boosted this week when Charter Communications (CHTR.O) said it would acquire larger rival Time Warner Cable (TWC.N) for US$56 billion and Avago Technologies (AVGO.O) agreed to buy rival chipmaker Broadcom Corp (BRCM.O) for US$37 billion.

The Time Warner deal also propelled cable M&A up 42 percent year on year to US$97.2 billion.

Morgan Stanley (MS.N), which advised Time Warner Cable on its second approach from Charter Communications, along with Citi (C.N), Allen & Co and Centerview, tops the list of U.S. M&A advisers.

Global M&A activity is up 35 percent from the same period in 2014, with US$1.7 trillion of deals having been struck.

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(Reporting By Anjuli Davies; Editing by David Goodman)

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