Factbox: Global M&A in jeopardy as coronavirus crisis hits companies

Yatra Online

11/06/2020 17:25

June 11 (Reuters) - The coronavirus outbreak has dampened the mood for dealmaking globally as
fears of severe economic damage from the crisis have forced several companies to walk away from
announced transactions.
    Here's a list of some of the major deals that have been abandoned or revised due to the COVID-19
pandemic:
   
 Deal                                             Deal value  Date of       Date of      USN
                                                              announcement  deal         
                                                                            termination  
 Composites technology company Hexcel Corp        $6.4 bln    12-01-2020    06-04-2020    urn:newsml:reuters.com:*:nL4N2BU2NL
  HXL.N  and aircraft and industrial parts maker                                         
 Woodward Inc  WWD.O  called off their all-stock                                         
 merger                                                                                  
 L Brands Inc  LB.N  called off the sale of its   $525 mln    20-02-2020    04-05-2020    urn:newsml:reuters.com:*:nL4N2CM38Q
 majority stake in its Victoria's Secret unit to                                         
 investment firm Sycamore Partners                                                       
 U.S. printer maker Xerox Holdings Corp  XRX.N    $35 bln     05-11-2019    31-03-2020    urn:newsml:reuters.com:*:nL1N2BO2T1
 walked away from its hostile cash-and-stock bid                                         
 for HP Inc  HPQ.N                                                                       
 Texas Capital Bancshares  TCBI.O  and                        09-12-2019    26-05-2020    urn:newsml:reuters.com:*:nL1N2D82J1
 Independent Bank Group  IBTX.O  called off                                              
 their merger of equals                                                                  
 India's Yatra Online Inc  YTRA.O  terminated a   Enterprise  11-03-2019    05-06-2020    urn:newsml:reuters.com:*:nL4N2DI3RP
 pending merger agreement with U.S. software      value of                               
 firm Ebix Inc  EBIX.O                            $337.8 mln                             
 U.S. private-equity firm Blackstone  BX.N  has   Just over   14-02-2020                  urn:newsml:reuters.com:*:nL8N2DL1C8
 lowered its takeover bid for the Dutch bank      1 billion                              
 NIBC  NIBC.AS  by around 25%                     euros                                  
                                                  ($1.13                                 
                                                  billion)                               
 World's biggest cement maker LafargeHolcim       $2.15 bln   09-05-2019    11-05-2020    urn:newsml:reuters.com:*:nL8N2CT2OB
  LHN.S  has decided to keep its Philippines                                             
 business after a deal to sell the operation                                             
 collapsed                                                                               
 Australia's AMP Ltd  AMP.AX  has scrapped plans                            08-05-2020    urn:newsml:reuters.com:*:nL4N2CP5CE
 to divest its New Zealand wealth management arm                                         
 after offers for the unit fell short of its                                             
 expectations                                                                            
 Italian financial group Mediobanca  MDBI.MI                  03-08-2018    01-05-2020    urn:newsml:reuters.com:*:nL6N0WY4E4
 has dropped plans to buy a stake in Indonesia's                                         
 consumer credit operator BFI Finance  BFIN.JK                                           
 because the COVID-19 emergency had made the                                             
 deal "unrealistic"                                                                      
 Norwegian fertilizer maker Yara  YAR.OL  called              26-06-2019    23-04-2020    urn:newsml:reuters.com:*:nL5N2CB22D
 off plans to spin off its industrial nitrogen                                           
 business due to the COVID-19 outbreak                                                   
 Canada's Alimentation Couche-Tard Inc  ATDb.TO   $5.6 bln    11-10-2019    20-04-2020    urn:newsml:reuters.com:*:nL4N2C70PP
 said it would shelve its buyout of petrol                                               
 station operator Caltex Australia Ltd  CTX.AX                                           
  

 (Reporting by Sanjana Shivdas in Bengaluru)
 ((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749
1642; Twitter: @SanjanaShivdas;))