Study 2024 — Mergerstat Control Premium

Annual Review of Acquisition Premiums in U.S. Public Company Transactions

Cash deals continue to offer higher premiums, reflecting certainty of value and immediate liquidity. | Industry | Mean Premium | Median Premium | |----------|--------------|----------------| | Technology | 44.2% | 36.5% | | Healthcare | 42.1% | 34.0% | | Energy | 33.5% | 27.8% | | Financials | 31.9% | 26.4% | | Consumer | 35.4% | 29.2% | mergerstat control premium study 2024

Larger deals commanded higher control premiums, consistent with historical patterns. | Method | Mean Premium | Share of Deals | |--------|--------------|----------------| | All cash | 39.1% | 62% | | All stock | 33.4% | 18% | | Mixed cash/stock | 36.7% | 20% | Annual Review of Acquisition Premiums in U