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JPMorgan's Purcell Says Three Deals Died on Him Since Trump Won

  • Trump win had a ‘chilling effect’ on M&A, Purcell says
  • Sompo’s Frudd sees more international buyers seeking deals

John Purcell, an investment banker at JPMorgan Chase & Co. for the insurance industry, said it’s become harder to put mergers and acquisitions together because companies that were thinking about deals have been confronting increased uncertainty since Donald Trump was elected president.

Trump’s win “had a chilling effect on deal activity,” Purcell said Wednesday at a conference held by S&P Global Ratings in New York. “Personally, I’ve had three M&A deals die since Trump was elected.”