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Opinion
Tara Lachapelle

M&A Still Has a Heartbeat

Despite some big implosions, deals are still getting done and companies are paying steep prices.

Reality check: Just because a few of last year's biggest mergers died on the vine doesn't mean the whole M&A market is drying up -- far from it.

It's true that with the death of the Staples-Office Depot merger this week, 2015 was stripped of its title as the biggest year for dealmaking (the actual numbers vary depending on how you splice the data ). But let's not overreact. The transactions that have recently come undone were fraught with issues such as regulatory hurdles from the start. Pfizer-Allergen, Baker Hughes-Halliburton , Staples-Office Depot...how many people truly thought the odds were in the companies' favors?