US corporate sector round-up

Author: Edward Price | Published: 16 Dec 2016

Some have described 2016 as an annus horribilis – not so for the US corporate sector.

While shy of 2015’s record year, M&A activity has been robust. And lawyers are watching antitrust developments with interest, especially the US Department of Justice’s (DoJ) antitrust lawsuit seeking to block the proposed $48 billion Anthem-Cigna merger. Moreover, the London Interbank Offered Rate (Libor) is back in a big way for antitrust.

Read on, before the holidays, for a round-up of recent US-side corporate developments.

M&A activity

According to Allen & Overy, the value of withdrawn deals rose to an eight-year high of $771bn in 2016. The firm considers this a reflection of two factors: increased intervention by antitrust regulators, and the complexity of some of the largest strategic deals being undertaken. "The sectors most affected are high tech, financial services and industrials," according to firm’s research.