Deals Are Being Dropped as Buyers Turn Wary During the Pandemic

Corporate deal makers are reviewing previously agreed-upon merger-and-acquisition agreements, as the coronavirus pandemic roils businesses and complicates the due-diligence process.

U.S. companies canceled 82 deals totaling $111.2 billion this year through Wednesday, up from 58 transactions totaling $50.4 billion that were withdrawn during the same period last year, according to Dealogic, a data provider.

M&A activity in the U.S. and elsewhere has slowed markedly this year. U.S. companies…

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