January was a challenging month on the M&A front with multiple large deals that were plagued with regulatory issues either failing or losing their lawsuit against the DOJ.
Avangrid’s attempt at acquiring PNM Resources (PNM) in an $8 billion deal failed more than 3 years after it was announced, Amazon’s renegotiated deal to acquire iRobot (IRBT) failed following regulatory issues with the European Union and JetBlue’s acquisition of Spirit Airlines (SAVE) is on life support after a judge sided with the DOJ.