Metals Industry Honing In On Smaller Deals In 2013: PwC

Law360, New York (March 11, 2013, 3:45 PM EDT) -- Mega deals in the metals sector will dwindle in 2013 as big miners, refiners and traders settle for more, smaller transactions, but the shift opens the door for financial investors, state entities and other nontraditional players, according to a report Monday from PricewaterhouseCoopers.

Of the 10 largest deals announced and completed in 2012, just five broke $1 billion, PwC found. Gone is the optimism that spurred the huge mergers of the mid-2000s — the $38 billion tie-up of Rio Tinto PLC and Alcan Inc., or the...
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