Reported non-deals and actual exits: hits and misses in the M&A space

Some investors were quick to read the tea leaves and sell their holdings ahead of deals that flopped

It has not been a great year for big-ticket deals. Some have been stuck in negotiations for months, some have been called off and some were called off after being stuck for months. Let us look at a couple of big deals, the news flow around this, who gained and who lost.

In early June 2016, the share price of Max Financial Services was hovering around Rs 350. This is the parent company of Max Life Insurance. Soon after Max Life and its larger rival, HDFC Life Insurance, said on June 17, 2016, that they were exploring a possible merger, the