Latest Corporate News News
FIS Completes Sale of Worldpay Stake
FIS has finalized the sale of its Worldpay stake, expecting to generate an additional $500 million in adjusted free cash flow in 2026. This move capitalizes on opportunities in banking and payments businesses. Analysts highlight operational improvements and strategic growth for related firms like Regency Centers.
Fifth Third Bancorp and Comerica Merger Approved
Shareholders of Fifth Third Bancorp and Comerica overwhelmingly approved their merger on January 6, creating the ninth-largest U.S. bank with $290 billion in assets. The deal is expected to close in Q1 2026, with stock prices rising significantly post-announcement. 99.7% of Fifth Third shares and 97% of Comerica shares voted in favor.
Jeff Wyler Automotive Acquires Midwestern Auto Group for $500M
Jeff Wyler Automotive Family acquired Midwestern Auto Group in a historic $500 million deal including Ferrari, Lamborghini, and 12 other luxury brands. This is the largest luxury retail automotive acquisition in Ohio history and among the top U.S. private-to-private deals. The acquisition expands Wyler to 64 franchises across premium segments.
Keurig Dr Pepper Launches Offer for JDE Peet's Shares
Keurig Dr Pepper initiated a public offer for JDE Peet's shares from January 16 to March 27, 2026, planning a post-acquisition split into two public companies. The deal aims to create a North American beverage leader and global coffee giant serving over 100 countries. JDE Peet's will pay a EUR 0.36 dividend unaffected by the offer price.
TSMC Reports Strong Q4 Earnings Driven by AI Boom
TSMC delivered robust fourth-quarter results with a 62.3% gross margin exceeding expectations, fueled by AI demand, leading to sector gains. Analysts highlight continued AI boom with record profits and high margins at 61% consensus. Semiconductor stocks like ASM International rose 11% in response.
Citi Beats Q4 Earnings Estimates but Shares Slump
Citigroup reported fourth-quarter results beating estimates, yet shares slipped after hours due to concerns over regulatory progress and cost-cutting. CEO commented on Trump's credit card fee cap amid market reactions. Investors rotated out of tech amid broader shifts.
Bank M&A Activity Expected to Surge in 2026
Bank mergers and acquisitions are forecasted to accelerate in 2026, potentially doubling 2025's 181 deals, creating a barbell-shaped industry. Faster regulatory approvals and competitive pressures drive regional bank consolidation in states like Texas and Ohio. Midterm elections may influence the M&A window.
PK Consumer Health Acquires Nordic Player Puhdistamo
PK Consumer Health announced the acquisition of Puhdistamo, a leading Nordic consumer healthcare firm, expected to close in H2 January 2026. Financial terms undisclosed; advisors included Ropes & Gray. The deal expands presence in high-growth markets.