Li-Cycle co-founder Ajay Kochhar will return to lead Glencore’s battery recycling division. The announcement doesn’t list the final offer for the Toronto tech startup, but a July 30 court document puts the successful bid at nearly $43.6 million, including some outstanding money that was advanced during the proceedings. (The Logic)

Talking point: It’s a second chance for the Canadian green technology company, which aimed to save electric-vehicle batteries from landfills but ran out of money during a construction dispute at its major New York factory. When the company filed for bankruptcy protection in May, it warned that it would likely close operations in Asia and most of Europe, aside from Switzerland and Germany. Glencore’s bid will let it continue operations in Germany and potentially resume them in Ontario, New York, Arizona and Alabama.