The Staples and Office Depot failure comes on the heels of the cancellation of the $35 billion deal between Halliburton and Baker Hughes. Other big companies, including Aetna and Humana, are also trying to push through large transactions under close scrutiny.
Staples will pay Office Depot a $250 million breakup fee, according to a statement by Staples CEO Ron Sargent.
Despite the recent series of high-profile flopped mergers between the biggest companies, the data show that they are being conducted at a normal rate. The cancellation rate is still near decade lows, according to an analysis of more than 7,000 attempted acquisitions worth more than $100 million.