Top 15 For 2008 (No. 14): M&A Wreckage Jan 2, 2009 02:21PM

StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year.

Number 14: M&A Wreckage

With the turmoil in the credit markets, 2008 was a horrible year for mergers and acquisitions. Not only were new deals not getting done, deals that were already announced were falling apart left and right. Dealogic said global deal volume was down 29% from a record 2007. Of the deals that did get done, some were fire-sales including Bank of America's (NYSE: BAC) buyout of Merrill Lynch (NYSE: MER) and Wells Fargo's (NYSE: WFC) buyout of Wachovia (NYSE: WB).

Some of the biggest M&A blow-ups in 2008

- The mega-takeover of BCE Inc. (NYSE: BCE) was cancelled.
- The most famous deal that didn't get done in 2008 was from laughingstock Yahoo! (Nasdaq: YHOO). Yahoo! turned down a $31 per share deal ...