M&A
Peel Holdings Raises Mandatory Offer for Harworth to 177.5p
Peel Pepper, acting on behalf of Peel Holdings, bumps its mandatory takeover bid for Harworth from 172.5p to 177.5p after crossing the 30% ownership threshold under UK Takeover Code rules.
Corebridge, Equitable Target $30B+ Merged Entity With $5B Operating Earnings
The planned merger between Corebridge Financial and Equitable Holdings aims to create a top-tier U.S. insurer with $5 billion in combined operating earnings, $4 billion in cash flow, and a 15% ROE target by year-end 2026.
Sysco Raises Midterm Guidance, Details Restaurant Depot Deal at Barclays Conference
Sysco lifted its FY2028-29 sales and EPS targets while outlining the pro forma financial impact of its pending Jetro acquisition, projecting free-cash-flow doubling within four years.
Zurich Insurance Group Reaffirms 'A+' Ratings Amid $11B Beazley Acquisition
AM Best maintains 'A+' financial strength and 'aa' issuer credit ratings for Zurich Insurance Group, citing strong balance sheet and effective risk management ahead of a $11 billion Beazley acquisition.
Comcast targets mid-2025 split as connectivity and content units separate
Comcast outlined its two-company separation plan at Goldman Sachs, aiming to complete the split by mid-2025 while highlighting broadband competition, wireless growth, and enterprise momentum.
nVent subsidiary raises $800M in senior notes for Maverick Power acquisition
Hoffman Schroff Holdings secures debt financing to support $1.75B acquisition of Maverick Power, LLC, with redemption contingent on closing by November 20, 2026
Nvidia to buy Hugging Face in $12.93B deal
Nvidia Corp. has agreed to acquire open-source AI platform Hugging Face for $12.93 billion, expanding its influence in the AI ecosystem while preserving the platform’s open-source ethos.
Flag Ship Acquisition to Merge With Bluechip in $400M Deal
The SPAC announced a merger with insurance-focused Bluechip & Co. Holdings in a $400 million transaction subject to shareholder and regulatory approval.
VersaBank Shareholders Approve U.S. Holding Company Reorganization
Boardroom move creates Delaware holding company Versa Bancorp; regulatory sign-off expected by end of October 2026.
SPX Technologies buys FIS Water for $410M in water management unit
SPX Technologies Inc. finalized a $410 million cash acquisition of FIS Water, expanding its Cooling platform with a water management business serving industrial and commercial cooling applications.
Tempest Therapeutics strikes option deal for in vivo CAR-T platform
The clinical-stage biotech secured an exclusive option to license Senlang's CD7-targeted lentiviral vector system and its in vivo CAR-T program, expanding its gene-delivery capabilities.
DataMEDS Acquires Helomics Cancer Lab From Axe Compute for $1.5 Million
Health IT company expands into oncology with purchase of Pittsburgh-based AI diagnostics platform, including a CLIA/CAP-certified lab and CRO central lab services.
Coursera Unveils AI-Native Skills Platform Project Helix Following Udemy Merge
The merged Coursera-Udemy will launch an AI-driven workforce development platform drawing on more than 30,000 content partners and instructors, expected broadly in H1 2027.
Zenta Group to Buy AI Firm ZentoAI for $7.1 Million
The Macau-listed company said it will pay about $5.84 million in restricted shares plus HKD 10 million in cash for the AI and big-data business in a related-party deal.
UBS Capital Rules Delayed as Ständerat Postpones Vote
Swiss parliament’s upper house delays finalizing stricter capital requirements for UBS amid ongoing discussions
Helvetia Baloise Shifts Integration to Day-to-Day Operations, Targets 650M Francs
Combined insurer moves integration from central project office to operational lines, citing faster-than-expected legal merger and new AI transformation role.
McCormick Unveils Unilever Deal Plans at Barclays Conference
McCormick outlines integration strategy for its Unilever Foods acquisition, targeting $600 million in net cost synergies and a pure-play global flavor position with $20 billion in combined sales.
Circle8 Seeks Preliminary Takeover of SThree by October 2026 Deadline
Circle8 Group Inc. has submitted a preliminary unsolicited offer for SThree plc’s shares, with a regulatory deadline for a firm commitment or withdrawal set for October 7, 2026.
Atkore Stock Reaches $94.14 on 52-Week High Before Prysmian Acquisition
Atkore International Group Inc. hit a 52-week high at $94.14 after surpassing third-quarter fiscal 2026 earnings expectations and announcing a $3.8 billion all-cash deal with Prysmian S.p.A., a 30% premium over its July 31 closing price.
MBK Partners Offers 55.8% Premium in Private Tender for Sharingtechnology
MBK Partners has launched a 30-day tender offer to acquire Japanese company Sharingtechnology, marking a significant premium and the first third-party bid for an AVI Japan Opportunity Trust portfolio holding since February 2025.
Baker Hughes Expands Growth with Chart Industries Deal, Targeting $45B in IET Orders by 2028
Baker Hughes announced a strategic expansion through its acquisition of Chart Industries, boosting revenue and EBITDA projections while reinforcing its industrial and energy technology leadership.
Pennpetro Energy pivots reverse takeover to Canadian biofuel firm ICENERGY
London-listed Pennpetro switches reverse takeover target from Ukraine to Indigenous Canadian Energy Holdings, citing wartime due-diligence challenges.
Societe Generale Raises Hiscox Stake to 5.04% via Cash CFDs
Bank files TR-1 notification after crossing 5% voting rights threshold with December 2027 and May 2028 CFD contracts
TXNM Energy, Blackstone Revise Merger to Offer $300M in Customer and Community Benefits
Blackstone Infrastructure’s proposed acquisition of TXNM Energy includes a revised merger plan with expanded financial commitments, including rate credits and economic development initiatives.