M&A
confidence high
sentiment negative
materiality 0.75
EMG terminates Sev.en Global's deal to acquire 51% stake in Coronado; regulatory delays cited
Coronado Global Resources Inc.
- Binding agreement signed Sep 2023 for SGI to acquire EMG's 51% interest in Coronado.
- EMG terminated June 24, 2024 after outside date (June 22) passed without FIRB approval.
- Company states termination does not adversely affect operations or ongoing business.