U.S. companies are going on an expensive foreign shopping spree

CNBC ---- U.S. companies are paying up to buy foreign firms, and prices will likely only go up. "We expect higher prices to continue in M&A transactions … especially in the U.S.," said Dylan Cox, analyst at dealmaking data compiler PitchBook."You have too much capital chasing too few deals," he said. The four largest announced U.S. acquisitions of overseas companies all occurred within the last five months, according to Richard Peterson, senior analyst at S&P Global Market Intelligence. Topping the list are two announcements of more than $40 billion each: Qualcomm's agreement to buy NXP Semiconductors and Praxair's plan to acquire Linde. For more on U.S. companies going on an expensive foreign shopping spree click on the picture below to read the article.