CFO noted in a story today (5/30/12), that deal counts and dollar volumes of merger and acquisition activity in May were down for the month, despite interest shown by CFOs in acquiring as shown by a survey in the Duke University/CFO Magazine Global Business Outlook in March.

The trade journal said, according to data supplied to CFO by mergermarket, there were 254 deals with a total disclosed value of $88.3 billion for the month of May – that’s a fall of 40% by deal count and 22% by dollar volume, CFO noted.

CFO quoted analysts from Robert W. Baird as saying, “In view of concerns about weakening trends in Europe weighing on growth elsewhere, signs of a broader economic recovery may be needed for M&A performance to strengthen.”

To read the full CFO story click here.