With more than 12,000 banks, merger activity has not stopped cold.

Europe, too, is expected to see a major boom in merger activity, although not quickly.

Revenue from merger activity fell 18 percent, to $153.2 million.

But with merger activity slow, there are few such deals to go around.

Shares of drug companies benefited from possible merger activity as well.

It is also deeply involved in the current frenzy of merger activity.

There has been limited merger activity within the Israeli banking system.

Fifty-eight percent said they would not take part in merger activity.

It is also expected to speed the pace of merger activity across the financial landscape.

Utilities have been second only to banks this year in the pace of merger activity.