Big companies shake off pandemic and recession to resume mergers and acquisitions
(WorldNews Business)

A series of blockbuster deals has led a resurgence in merger and acquisition activity since the start of July, with companies rushing to prepare themselves for the recession and dusting off deals that were shelved because of the pandemic. Eight deals of more than $10 billion have been signed in the past six weeks, according to Refinitiv data, making it the fastest start to the second half for megadeals since 2007 when there was a merger and acquisitions boom before the financial crisis. The list of deals includes the $21-billion sale of Marathon Petroleum`s Speedway gas stations business to Seven & i Holdings, the Japanese owner of the 7-Eleven convenience store chain. It also includes...