Latest Corporate News News
GSK Enters Agreement to Acquire RAPT Therapeutics for $58 Per Share
GSK announced a definitive agreement to acquire RAPT Therapeutics, a California-based biotech firm, with its subsidiary commencing a tender offer for all outstanding shares at $58.00 per share in cash. The transaction, expected to close in Q1 2026, is subject to customary conditions including majority tender and Hart-Scott-Rodino approval. GSK will account for it as a business combination, with a second-step merger for untendered shares.
Netflix and Warner Bros. Discovery Amend Deal to All-Cash Transaction
Netflix and Warner Bros. Discovery updated their agreement, shifting to an all-cash acquisition of Warner Bros. following a planned separation of Discovery Global into two entities within 6-9 months. The deal has board approval and awaits regulatory nods, shareholder vote, and is expected to close in 12-18 months. Both companies filed Hart-Scott-Rodino and are engaging with US DOJ and EU regulators.
Top Wealth Group to Acquire $125M Wine Authentication Firm Airentity
Top Wealth Group (TWG) entered a material agreement to buy Airentity International and its subsidiary for approximately $125 million, paying with 14,979,854 Class A shares and 3,000,000 Class B shares at $7.00 each. Approved by independent directors, the deal diversifies into wine tracking and trading, complementing TWG's caviar business, and is set to close around January 20, 2026. TWG shares surged 77.6% on the announcement.
Leonardo Expands US Presence with Acquisition of Enterprise Electronics Corporation
Leonardo, through its US subsidiary, signed a deal to acquire Enterprise Electronics Corporation (EEC), a maker of weather radar and satellite stations, to bolster its meteorological portfolio. The complementary portfolios aim to accelerate growth in the US market, with EEC continuing under its brand post-close in Q1 2026 pending approvals. Executives highlighted EEC's solid-state tech integration with Leonardo's offerings.
Pinnacle and Synovus Announce $8.6B All-Stock Merger
Pinnacle Financial Partners and Synovus agreed to merge in an $8.6 billion all-stock deal, creating a major regional bank. Synovus CEO Kevin Blair will lead the combined entity, with Pinnacle CEO Terry Turner as chairman. The merger enhances their market position in financial services.
Rogers Strikes $5B Deal with Blackstone for Wireless Stake
Rogers Communications sold a 49.9% stake in a new subsidiary holding part of its wireless network to Blackstone for $5 billion. The transaction structures around a newly formed entity to optimize assets. It supports Rogers' network expansion strategy.
Oak Hill Sells Metronet to T-Mobile and KKR Joint Venture
Oak Hill Capital sold fiber-to-the-home provider Metronet to a T-Mobile and KKR JV, expanding broadband infrastructure. The deal leverages sales networks for civilian and military markets. It positions Metronet for growth in high-potential areas.
Republic Airways and Mesa Air Group to Combine in All-Stock Deal
Republic Airways and Mesa Air Group plan to merge into a publicly-traded regional airline via an all-stock transaction. This consolidation aims to strengthen operations in the US aviation sector. The combined entity will enhance market competitiveness.
China Deepens Probe into PDD Holdings Amid Market Tensions
China is reportedly deepening its investigation into PDD Holdings following a fistfight incident, as per breaking news. This comes amid flat PBOC fixes and mixed Asian markets. Traders note China met its 12M US soy purchase target.
Gemspring Acquires Goodyear's Polymer Chemicals Business
Gemspring Capital purchased Goodyear's polymer chemicals business, ranking among the largest mid-market deals. The acquisition bolsters financial services portfolios. It highlights ongoing M&A activity in chemicals.
Esteve to Acquire TerSera Therapeutics Business Unit
Esteve announced plans to acquire TerSera Therapeutics' business unit, part of rising life sciences M&A spending. Big pharma drives increased deal activity. The move expands Esteve's therapeutics offerings.
LB Group Faces CMA Inquiry Over Venator UK TiO2 Assets Acquisition
The UK CMA is reviewing LB Group's anticipated buy of Venator's titanium dioxide assets for competition concerns. Views are sought on the merger's impact. It focuses on TiO2 business-related assets.