Rio Tinto said Thursday it is abandoning its possible merger with Glencore, about a month after the mining companies confirmed a potential megamerger that could have valued the combined entity around $200 billion.
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FRIDAY, FEBRUARY 6, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Rio Tinto, Glencore Scrap $200B Merger Talks

By Al Barbarino

Rio Tinto said Thursday it is abandoning its possible merger with Glencore, about a month after the mining companies confirmed a potential megamerger that could have valued the combined entity around $200 billion.

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4 Firms Build Genius Sports' $1.2B Legend Acquisition

By Jade Martinez-Pogue

Sports data, technology and broadcast partner Genius Sports Ltd. unveiled plans Thursday to acquire digital sports and gaming network Legend in a $1.2 billion deal that was built by four law firms.

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UK Miner To Raise £43M Through Placing, Subscription

By Tom Fish

Tungsten West PLC said Thursday it has launched a fundraising program worth up to £43.3 million ($58.8 million) as the U.K. group advances plans to restart operations at its metal mine in southwest England.

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DEALS

Vaalco Energy To Sell Non-Core Assets For $25M

By Tom Fish

Vaalco Energy Inc. said Thursday it has agreed to sell its peripheral oil and gas-producing properties in Canada for 35 million Canadian dollars ($25.5 million) to sharpen the U.S. company's focus on its African drilling and production assets.

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Insurance Distribution M&A Deals Rise, MarshBerry Says

By Tom Fish

Mergers and acquisitions in the U.K. insurance distribution sector showed "tentative signs" of renewed activity in January, albeit from a low base, according to advisory firm MarshBerry.

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NEWS IN BRIEF

Brief

Audit Watchdog Updates UK Corporate Reporting Guidance

By Joel Poultney

The audit watchdog has issued guidance that it said would better support companies to prepare reports by "sharpening its structure" and reflecting recent legislative changes in corporate reporting.

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Brief

Shell Kicks Off $3.5B Buyback, Reports Quarterly Earnings Dip

By Dawood Fakhir

Shell said Thursday that it will purchase $3.5 billion of its shares over the next three months to reduce its share capital as the oil giant reported financial performance for the last three months of 2025.

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Brief

Vodafone Begins €500M Share Buyback Program

By Irene Madongo

Vodafone Group PLC kicked off a €500 million ($590 million) stock repurchase program on Thursday, part of its wider €4 billion buyback plan revealed in 2024.

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EXPERT ANALYSIS

How EU Prospectus Rule Changes May Boost Market Access

The European Union Listing Act’s forthcoming changes to EU prospectus requirements aim to reduce the regulatory burden for issuers of securities, facilitating more efficient transaction execution and reducing market risk, of particular relevance to small and midsize enterprises, say lawyers at Covington.

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LAW FIRMS IN TODAY'S NEWS

Covington & Burling

Herzog Fox

Kirkland & Ellis

Latham & Watkins

Macfarlanes LLP

COMPANIES IN TODAY'S NEWS

BHP Group PLC

Euronext Amsterdam NV

Glencore PLC

London Stock Exchange Group PLC

Shell PLC

Vodafone Group PLC

Yahoo Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

European Commission

European Union

Financial Reporting Council