CI - Breakingviews: Market Jitters Accentuate M&A Regulatory Risk
Market swoons are bad news for dealmakers. Stock market plunges can erode the value of bids involving acquirers' stock, make bankers reluctant to lend, and change the outlook violently. Recent market tumult, with the S&P 500 Index down 6 percent last week, doesn't qualify as an extinction event - at least not yet. It does, however, make it harder to overlook regulatory dangers attached to certain possible deals, like the combinations of CVS Health (CVS) and Aetna (AET) and AT&T (T) and Time Warner (TWX).
Last year was the fourth in a row with over