Mergers-and-acquisitions transactions worth over $10 billion are surging back after a largely dormant first half of the year. Wall Street bankers say an improving global economy and confidence in the regulatory environment are playing a role. The looming threat of supercorporations like Amazon has many large companies evaluating whether they can be an endgame winner — and whether they need to strike a deal to get there. On Thursday, Emerson Electric upped its takeover bid for...

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