Coronavirus takes toll on global M&A as $1 billion deals disappear – Arab News

Coronavirus takes toll on global M&A as $1 billion deals disappear – Arab News

Coronavirus takes toll on global M&A as $1 billion deals disappear. Coronavirus takes toll on global M&A as $1 billion deals disappear /node/1661946/business-economy. Companies have been walking away from announced transactions amid changed deal conditions and high levels of uncertainty. The number of deals also fell 20 percent year-on-year.. Canada's Alimentation Couche-Tard Inc. on Monday said it would shelve its $5.6 billion buyout of petrol station operator Caltex Australia, as fuel demand plunges and as companies look inward to get through the crisis.. Saudi Aramco donates coronavirus masks to Houston, Texas /node/1661956/business-economy. Most recent statistics show Texas with 18,923 cases of the disease, a daily increase of 663, and 477 deaths. DUBAI: Saudi Aramco has come to the aid of the US city of Houston, Texas, with a donation of 30,000 masks for first responders fighting the coronavirus COVID-19 outbreak in the heart of the American oil industry..