M&A Boom Ends, US Deal Failures in 2016 Worst Ever

by Wolf Richter
Wolf Street

Biggest losers: Investment Banks.

There have been 12 announced mergers and acquisitions with a deal size of $100 billion or more in the world ever. Five of these blockbuster deals have been withdrawn — two of them in 2016 alone!

Pfizer’s $160-billion acquisition of Allergan, the second largest merger ever when announced in November 2015, entered the M&A annals on Wednesday, when the company announced that it would abandon the deal — the largest deal failure ever.

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