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Coronavirus Throws Deal Making Into Disarray

Corporate deal making, prone to unexpected twists and turns in the best of times, has been upended by the coronavirus pandemic.

Companies from Xerox Holdings Corp. to Axalta Coating Systems Ltd. have abandoned takeover deals as employers shift their focus to ensuring they have enough cash to stay afloat and pay workers. Those plotting initial public offerings, such as Airbnb Inc., may postpone them.


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