Takeovers are falling apart across the globe, leading to a gloomy late summer for Wall Street bankers as cheap financing dries up, Bloomberg reports.
More than $150 billion of mergers and acquisitions have been scrapped or stalled since the beginning of June, according to data compiled by Bloomberg. That includes 21 SPAC merger terminations since June 1, as reported by DealFlow.
Cancelled SPAC mergers for SeatGeek and Forbes accounted for almost $2 billion in lost deals. Read more.
