Coty Inc.'s pending $12.5 billion deal to buy Procter & Gamble Co.'s beauty business was the largest retail and consumer sector deal of the third quarter, according to a new report from PwC US. It was one of 11 deals in the quarter worth more than $1 billion, which totaled $39.7 billion. There were 36 deals worth more than $50 million in the quarter, according to the report, for a total of $46.6 billion. Deal value for the quarter was up from $29 billion in Q2, with deal volume up 6%. PwC said it expects the increase in deals to continue through the remainder of 2015.
Copyright © 2015 MarketWatch, Inc.