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SLB to buy Kelvion for $3.4 bln in cash, debt assumption
Oilfield services giant SLB agrees to acquire thermal management specialist Kelvion for $3.4 billion in cash plus assumed debt, expanding its data center cooling capabilities. Deal expected to close in H1 2027.
AECOM wins design role on New Zealand’s Warkworth to Te Hana motorway
AECOM will lead design work for the $1.2 billion Northland Corridor project’s first section, partnering with ACCIONA and Aberdeen Investments. The 100km motorway aims to improve safety and resilience.
CenterPoint Energy activates emergency center ahead of storm system
Utility prepares for heavy rainfall, flooding and wind impacts in Greater Houston starting Tuesday. More than 7 million customers across four states could be affected.
Origin Agritech opens RMB 10 million biotech center in Guizhou
The agricultural biotech firm launched a 8,000 sqm research hub in Kaiyang County, featuring molecular testing and tissue culture platforms. A joint venture with Guizhou Modern Seed Industry Group will focus on corn seed development.
TELA Bio to cut 20% of workforce, save $17M annually
Medical technology firm TELA Bio plans to reduce operating expenses by 18% through layoffs and streamlining as part of a cost-cutting initiative aimed at extending cash runway to 2028.
Axsome initiates Phase 3 trial for smoking cessation drug AXS-05
Biopharma firm doses first patient in SUMMIT study evaluating AXS-05 against bupropion and placebo over 12 weeks. Trial targets smoking abstinence as primary endpoint.
Biotech funding holds steady at $36-40B as AI startups dominate venture capital
Biotech startups maintained consistent investment levels in 2026 despite record AI funding, with AI-integrated firms securing the largest rounds. Early-stage deals dominated as exits accelerated.
Albin Kistler appoints Martin Schultes as head of client services
Swiss wealth manager Albin Kistler names Martin Schultes, a 13-year veteran, as new head of client services and executive board member, completing a leadership transition.
SLB to buy Kelvion thermal systems unit for $3.4 billion
SLB will acquire Kelvion, a German thermal management specialist, from Apollo funds for $3.4 billion in cash, assuming $700 million in debt. The deal aims to expand SLB's data center cooling solutions as it targets over 2 gigawatts of deliveries by year-end.
SLB to buy Kelvion for $4.1 bln to boost data center business
Oilfield services giant SLB agreed to acquire thermal management specialist Kelvion for $3.4 bln in cash, adding heat-exchange tech for data centers and AI infrastructure. Deal expected to close in H1 2027.
Aon to buy USI for $17 billion in insurance broker expansion
Deal for USI adds $3 billion in revenue and 10,500 staff to Aon's U.S. middle-market platform. Transaction expected to close in Q4 2026.
Aon to acquire USI Insurance for $17 billion in cash
Deal to close in Q4 2026, adding USI’s middle-market and excess & surplus insurance businesses to Aon’s global brokerage platform. Advisors named.
Ranger Energy to acquire STEP’s U.S. coiled tubing assets for $27.5 million
Cash-and-equity deal will expand Ranger’s onshore coiled tubing operations, adding 13 spreads and 220 personnel. Expected to close in September 2026.
Aon to acquire USI for $17 billion in insurance broker deal
The deal, valued at $16.7 billion net, will expand Aon's U.S. middle-market presence, with expected annual synergies of $395 million and accretive EPS from 2028.
KKR sells USI Insurance to Aon for $17 billion in all-cash deal
Private equity giant KKR exits USI Insurance Services in a $17 billion transaction, realizing a 6x return on its 2017 investment. Deal expected to close in Q4 2026 pending regulatory approval.
Ranger Energy to buy STEP’s U.S. coiled tubing unit for $27.5m
Deal adds 13 spreads and deep-reach technology, with $80m-$90m revenue target for 2027. Financing via revolver borrowings, closing expected Sept. 11.
FirstCash increases credit facility to $1.06bn, extends maturity to 2031
The pawn operator raised its revolving credit facility from $700m to $1.055bn and extended maturity to August 2031. The amended terms support growth plans and the pending U.K. acquisition of Ramsdens.
KBR wins FEED contract for Nebraska e-methane plant to supply Japan
KBR will design a 250 MW e-methane facility in Nebraska using renewable hydrogen and biogenic CO2, with first exports to Japan targeted by 2030.
High Tide to open three Canna Cabana stores in Canada next week
Expansion targets 232 total Canadian locations by early September, with new sites in Ontario and Saskatchewan funded via internal cash flow.
Goldman Sachs flags stable credit trends in $500bn direct lending review
Non-accruals in the assessed portfolio remain below 2%, while redemption requests are projected to fall to 10% in Q3. Spreads are 50bps wider than 2025 troughs.
Earnings call transcript: OMIFCO posts strong H1 2026 profit as urea output stays high
Finance Review Daily is tracking this developing story; additional confirmed specifics had not been verified at the time of publication.
Helloworld Travel posts 8% EBITDA rise in FY26 despite Middle East disruption
Total transaction value climbed 4.1% to $4.0 billion as underlying earnings before interest, tax, depreciation and amortisation rose to $60.2 million. Share price slipped 0.95% to $1.56.
Meta faces potential $1.4 trillion liability in U.S. teen social media addiction trial
U.S. states seek financial penalties and operational changes as a federal trial alleges Meta’s platforms were designed to encourage addictive use among teenagers. A settlement could reduce exposure.
InvestingPro offers 55% discount on annual subscriptions
Promotional deal slashes InvestingPro and InvestingPro+ fees to under R$1 per day, with AI-driven stock strategies showing strong outperformance against benchmarks.
Meta, states discuss settlement in teen social media harm case
Discussions follow a California trial involving 29 states alleging Meta designed Facebook and Instagram to be addictive to young users. Nevada AG announces press conference on a major tech settlement.