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Francis DeSouza, the C.E.O. of a $70 billion biotech company, was hoping to make a mega-billion acquisition to help promote early cancer detection. Then the regulators came in to halt the deal. And he went ahead anyway.
Wall Street M&A bankers are on track for their biggest year of all time. It’s only September and yet 2021 is on pace to see the highest dollar volume ever, with nearly $4 trillion worth of announced deals already this year, putting within reach the all-time record of $4.3 trillion, which was achieved in 2007, right before the financial crisis.
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