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Beleaguered British Bankers See $20 Billion of Deals Fall Apart

  • Reckitt considers shelving disposal of baby formula business
  • Walgreens also pulls planned sale of Boots drugstore chain
Interview With Reckitt CEO Bart Becht
Photographer: Chris Ratcliffe

British dealmakers are enduring a bruising end to the first half of 2022, with about $20 billion of mergers and acquisitions falling apart in just a matter of weeks. 

UK consumer giant Reckitt Benckiser Group Plc is considering shelving a $7 billion sale of its baby formula business, Bloomberg News reported Tuesday. Walgreens Boots Alliance Inc. also announced it’s abandoning a £5 billion ($6.1 billion)-plus sale of the Boots drugstore chain.