Glencore Plc, a top diversified commodity group globally, has revealed a new share repurchase program valued at up to $1 billion following the conclusion of the sale of its agricultural division Viterra. The program is set to commence on July 7 and is scheduled for completion in February 2026. On July 2, Glencore finalized the agreement to transfer Viterra to American Bunge Ltd. Consequently,...

Hyatt Hotels Corp. is divesting 15 resorts in Mexico, Jamaica, and the Dominican Republic for $2 billion. Hyatt has finalized an agreement to transfer the complete portfolio of properties it purchased on June 17 from Playa Hotels & Resorts NV to Tortuga Resorts, a partnership between KSL Capital Partners and Rodina, as stated on its website.  Besides the $2 billion, Hyatt could obtain...

US President Donald Trump stated he will reveal a list of individuals who have shown interest in purchasing TikTok from its Chinese owners in approximately two weeks. “I believe I’ll make the announcement in a few weeks (...). It's a collection of extremely wealthy individuals,’ he remarked during an interview with Fox News on Sunday.  Simultaneously, Trump indicated that the agreement...

Campari Group has finalized a deal to transfer the Cinzano vermouth and sparkling wine production to privately owned Italian spirits firm Caffo Group 1915 (which owns the Vecchio Amaro del Capo bitters brand), as stated in a press release from Campari. The Frattina grappa business is included in the sale as well. The agreement aligns with Campari Group's strategy and dedication to enhance the...

Germany's Autodoc, the biggest online auto parts retailer in Europe, has delayed its IPO. The firm did not provide a reason for its choice, but stated in a release that “the company and shareholders are still contemplating an IPO at a future time.”  The company's stocks were originally set to debut on the Frankfurt Stock Exchange on June 25. Autodoc planned to issue approximately 6.6...

Montage Technology, a Chinese semiconductor designer, aims to raise approximately $1 billion through a Hong Kong stock exchange listing and has enlisted banks to assist with the preparation, according to Bloomberg, citing sources familiar with the situation. Montage Technology officially announced on June 20 its intention to list shares in Hong Kong, yet did not offer additional specifics. The...

The Wall Street Journal reports, citing sources, that Bank of New York Mellon (BNY Mellon) is interested in merging with its competitor Northern Trust. The bank executives have engaged in discussions, yet no concrete proposals have been addressed.  A source knowledgeable about the situation stated that Northern Trust is dismissing the notion of a deal.  The merger would form a...

Japanese Nippon Steel finalized an agreement to purchase United States Steel, the steel firms announced in a combined statement. According to the agreement, Nippon Steel acquired the American steelmaker for $55 per share. The overall transaction value was $14.9 billion. US Steel will keep its name and its headquarters located in Pittsburgh, Pennsylvania. The majority of the board members and...

INEOS Phenol, the top global producer of phenol and acetone, declared it will halt production at its Gladbeck facility in Germany. “Elevated energy costs in Europe, along with stringent CO2 tax regulations, have rendered Europe less competitive compared to imported Chinese goods and a worldwide surplus,” the company stated. The date for the plant's closure will be revealed later. Ineos...