Factbox-US deals blocked by regulators or facing intense scrutiny

(Reuters) – Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S. Federal Trade Commission (FTC), in the latest regulatory squeeze under the Biden administration.

Here are other deals that have been terminated or face regulatory scrutiny:

DEALS THAT HAVE BEEN TERMINATED

DEAL DEAL VALUE CONTEXT

JetBlue-Sp $3.8 JetBlue Airways and Spirit Airlines

irit billion scrapped their $3.8-billion merger

Airlines agreement in March 2024, with the

low-cost carriers saying there was

no path forward after a U.S. judge

blocked the deal in January on

anti-competition concerns.

Avangrid $8.3 Iberdrola’s U.S. unit Avangrid Inc

Inc-PNM billion said in January 2024 it had

Resources terminated its planned $8.3 billion

acquisition of rival PNM Resources,

because it could not get all the

necessary regulatory approvals to

close the deal by Dec. 31, 2023.

DEALS THAT ARE UNDER SCRUTINY

DEAL DEAL VALUE CONTEXT

UnitedHeal $3.3 The U.S. Department of Justice and

th billion three U.S. states filed a lawsuit in

Group-Amed November 2024 to block UnitedHealth

isys Inc Group’s $3.3 billion acquisition of

Amedisys Inc, citing concerns that

the deal would reduce competition in

the home health services market.

Capital $35.3 New York Attorney General Letitia

One- billion James is investigating whether

Discover Capital One’s proposed $35.3 billion

Financial takeover of Discover Financial

Services Services violates the state’s

antitrust law, the state said in

October 2024.

Kroger- $25 billion The trial where U.S. anti-trust

Albertsons regulators made their case to block

Kroger’s $25 billion bid to buy rival

grocer Albertsons concluded in

September 2024, but the deal’s legal

challenges remain, with two more

trials to hear complaints that the

merger could jack up grocery bills.

Nippon $14.9 Nippon Steel’s $14.9 billion bid for

Steel-U.S. billion U.S. Steel has faced opposition by

Steel both newly elected President Donald

Trump and the outgoing Biden

administration. A top Nippon Steel

executive and U.S. Steel’s CEO met

with senior U.S. officials in

September in an effort to salvage the

deal.

Tempur $4 billion The U.S. Federal Trade Commission

Sealy said in July 2024 it would sue to

Internatio block the $4 billion merger between

nal- mattress manufacturer Tempur Sealy

Mattress International Inc and retailer

Firm Mattress Firm. Tempur Sealy now

expects to close the deal later this

year or early 2025.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Sriraj Kalluvila)