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A total of 87 takeover deals worth $205.2 billion have been withdrawn globally so far in 2017, according to Thomson Reuters. That compared to 111 deals with a combined value of US$53.6 billion at the same point last year.
Kraft Heinz / Unilever (ULVR) is this year’s largest withdrawn deal, valued at $162.2 billion and is the third largest of all time.
Other notable M&A failures in 2017 include Steinhoff’s attempt to buy Shoprite which would have created Africa’s biggest retailer. Steinhoff wanted to merge Shoprite with its African brands including clothing chain Pep. The deal collapsed on 20 February after parties failed to agree on terms.
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