LONDON | By Zoso Davies, Mike Kessler, Dominik Winniki (Barclays) | European corporates are becoming more acquisitive: European M&A is up 11% year-to-date by deal volume, despite a number of high profile proposals being rejected by boards or withdrawn. The pick-up in deal-making was driven by increasingly acquisitive behaviour: European issuers spent €779bn on deal-making through October (+48% y/y), of which three quarters was spent buying assets from other European companies. Inbound M&A has fallen, in part due to the stymieing of tax-inversion deals by US corporates.