Total metals & mining industry M&A deals in Q4 2019 worth $3.73bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 1068.9% over the previous quarter and a rise of 238.5% when compared with the last four-quarter average of $1.28bn.
The US held an 18.4% share of the global metals & mining industry M&A deal value that totalled $20.22bn in Q4 2019.
In terms of deal activity, the US recorded 32 deals during Q4 2019, marking a drop of 20% over the previous quarter and a drop of 15.8% over the last four-quarter average.
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The US metals & mining industry M&A deals in Q4 2019: Top deals
The top five metals & mining industry M&A deals accounted for 99.7% of the overall value during Q4 2019.
The combined value of the top five metals & mining M&A deals stood at $3.72bn, against the overall value of $3.73bn recorded for the month.
The top five metals & mining industry deals of Q4 2019 tracked by GlobalData were:
1) Cleveland-Cliffs‘ $3bn acquisition of AK Steel Holding
2) The $700m acquisition of Big River Steel LLC (Steel DevelopmentLLC) by United States Steel
3) Barrian Mining’s $7.5m asset transaction with Liberty Gold
4) The $4.71m asset transaction with Oracle Ridge Mining by Eagle Mountain Mining
5) Getchell Gold’s asset transaction with Canarc Resources for $4m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.