Summer of Shelved M&A Surpasses $150bn as Credit Woes Bite

Summer of Shelved M&A Surpasses $150bn as Credit Woes Bite

Takeovers are falling apart from Sydney to Switzerland, leading to a gloomy late summer for Wall Street bankers as cheap financing dries up. More than $150 billion of mergers and acquisitions have been scrapped or stalled since the beginning of June, according to data...