Global mergers and acquisitions (M&A) activity has kept pace in the second quarter, with positive momentum set in the first three months of the year, according to a quarterly report from Willows Towers Watson . Data from the Quarterly Deal Performance Monitor revealed that 166 deals valued over $100 million were completed globally during the second quarter of 2024, matching...

01:59 PM EDT, 07/11/2024 (MT Newswires) -- Teck Resources ( TECK ) said Thursday it has completed the sale of its remaining 77% stake in Elk Valley Resources steelmaking coal business to Glencore, a Swiss mining and metals producer publicly traded on the London Stock Exchange. Teck said it received $7.3 billion in cash from the sale. Price: 49.60, Change:...

General Motors Co ( GM ) shares are trading higher after the company’s plan to invest at least $900 million to retool its Lansing, Michigan auto plant for electric vehicle (EV) production. As conveyed by Energy Secretary Jennifer Granholm, this investment is part of a broader effort to transition GM’s production capabilities towards electric vehicles. At an event in Lansing,...

01:59 PM EDT, 07/11/2024 (MT Newswires) -- (Adds details in the third paragraph.) Bunge's (BG) $8 billion acquisition of Viterra may be delayed because Canada, China and the European Union haven't yet approved the deal, Bloomberg reported, citing people familiar with the matter. The deal is unlikely to get done by Bunge's mid-2024 target. The delay is because of antitrust...