NEW YORK, Nov 9 (Reuters Breakingviews) - A strong dollar may tempt U.S. companies to shop abroad, but a deal unveiled on Wednesday will take any remaining steam out of such notions.
The war in Ukraine, inflation and other factors already have hit cross-border M&A.
Roughly $1 trillion of cross-border deals have been announced this year, a nearly 40% drop from a year earlier, per Refinitiv.
Such risks probably help explain why Chart lost $2 billion in market capitalization, despite $250 million a year of promised cost savings.
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