Can mergers and takeovers surge on at this rate?

By Max Mason
Updated September 18 2014 - 5:13pm, first published 4:09pm
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.
Rival takeover bids for Penfolds maker Treasury Wine Estates and an international offers for gas distributor Envestra and property group Australand have kept investment bankers busy.

Australian mergers and acquisitions have surged this year, thanks to the cheap cost of capital, low volatility and investors' thirst for growth, but opinion is divided whether conditions remain conducive for more deals.

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