Tag Archives: megamerger

$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 …

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 …

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 …