$53 billion mega-merger with Teck transforms Anglo American from prey to predator MarketWatch Anglo American, Teck Resources to merge in second-largest mining deal ever Reuters Anglo’s Go-To Banker Drives Teck Deal After Seeing Off BHP Bloomberg.com Anglo American shares surge 9% on ‘merger of equals’ with Canada’s Teck Resources CNBC Anglo American, Teck to Merge Into $53 Billion Copper Giant The Wall Street Journal Source …
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Warren Buffett’s $57 billion face-plant: Kraft Heinz breaks up a decade after his megamerger soured
Kraft Heinz, the packaged-food giant created in 2015 by Warren Buffett and Brazilian private equity firm 3G Capital, is officially breaking up. The Tuesday announcement ends one of Buffett’s highest-profile bets—and one of his most painful—as the merger that once promised efficiency and dominance instead wiped out roughly $57 billion, or 60%, in market value. Shares slid 7% after the …
Read More »America’s first transcontinental freight railroad is planned after a megamerger
Facebook Tweet Email Link Two of the largest US railroads, Union Pacific and Norfolk Southern, announced on Tuesday a plan to combine in a $72 billion deal that would create America’s first transcontinental freight railroad. The stock and cash deal would be the largest ever in a sector that has already massively consolidated in recent decades. The deal still needs …
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