CHNG - Deal stocks Aerojet Kansas City Southern Xilinx drop after Willis Towers deal terminated mounting Chinese tensions

Kevin Moloney/Getty Images News Deal stocks including Aerojet Rocketdyne (AJRD), which is being acquired by Lockheed (LMT), and Change Healthcare (CHNG) which is being purchased by UnitedHealth (UNH), fell after AON (AON) and Willis Towers terminated their $30B deal amid an antitrust lawsuit. Investors are concerned that Change Healthcare and Aeroject could be potential targets for a DOJ and FTC under a Biden administration that has stepped up its antitrust efforts, specifically fearing Lina Khan as chair of the FTC. Aerojet has seen some negative rhetoric recently, including last week when Senator Elizabeth Warren (D-Mass) requested that the FTC examine the Lockheed deal more closely. Aerojet fell 1.2%, while Change Healthcare dropped 0.7%  In March. It was disclosed in late March that the DOJ was further scrutinizing the tie up between Change Healthcare and UNH. CTFN also reported last month that the that the DOJ's review of the CHNG/UNH deal was being handled

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Deal stocks Aerojet, Kansas City Southern, Xilinx drop after Willis Towers deal terminated, mounting Chinese tensions