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2016 looks to be a year of cancelled corporate mergers

Deals have been collapsing because regulators are raising antitrust or tax concerns; market forces are also at play

New York

WHILE last year set a record for the amount of money spent on corporate mergers - US$4.7 trillion - this year is so far setting a very different record: the dollar amount of deals that have come undone.

Since the beginning of January, US$400 billion worth of corporate