The much talked-about consolidation wave last year that was going to bring together industries around the globe, has suddenly broken this year. According to an article that appeared in The New York Times on May 11, over $400 billion worth of merger deals have broken up so far this year, and we haven't even hit the end of the year's first half yet. According to Bloomberg, of the deals announced in 2015, $504 billion have been cancelled.
Mergers losing their purpose
The villain in all these merger fiascoes has apparently been the government. With stricter tax laws and heightened scrutiny of foreign mergers and acquisitions, it has become...
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