Latest Corporate News News
Banco Santander Acquires Webster Financial for $12.18 Billion
Banco Santander SA announced on Feb. 3 the $12.18 billion acquisition of Webster Financial Corp., marking the largest US bank M&A since BMO's 2021 deal. This follows Prosperity Bancshares' $2.02 billion purchase of Stellar Bancorp on Jan. 28, the seventh largest since 2025.
Q1 2026 bank M&A is on pace for highest value in 7 years.
Prosperity Bancshares Buys Stellar Bancorp for $2.02 Billion
Prosperity Bancshares Inc. announced its $2.02 billion acquisition of Stellar Bancorp Inc. on Jan. 28, ranking as the seventh largest US bank deal since 2025. This is Prosperity's second-largest bank deal and seventh consecutive in Texas since 2015.
The Houston-based serial acquirer recently completed deals for American Bank Holding Corp. and Southwest Bancshares.
Altus Group Appoints Rich Sarkis as Chief Marketing Officer
Altus Group appointed Rich Sarkis as chief marketing officer effective immediately; Sarkis joined via Reonomy acquisition and led Argus Intelligence launch in 2025. Shane Stewart was appointed president and CEO of Priestly Demolition.
Jim Hannon departed as Altus CEO, with Mike Gordon becoming CEO in Q1 2026.
Empire Company Names Pierre St-Laurent as President and CEO
Empire Company Limited appointed Pierre St-Laurent as president and CEO of the company and Sobeys, effective immediately; he joined the board. ATB Financial selected Chris Turchansky as next president and CEO starting January 1.
Imperial Equities appointed Adam Chadhi as COO to lead strategy and operations.
Columbia Financial to Acquire Northfield Bancorp for $596.6 Million
Columbia Financial Inc. announced $596.6 million purchase of Northfield Bancorp Inc. on Feb. 2, the 15th-largest US bank deal since 2025 and first in Northeast. Columbia Bank MHC will undergo second-step conversion to public stock-holding company.
Stock Yards Bancorp acquired Field & Main Bancorp for $103.2 million, nearing $10B asset threshold.
Amazon Set to Report Q4 Earnings After Market Close
Amazon.com Inc. will report Q4 earnings after hours on Feb. 5, with expected revenue of $211.3B and EPS $1.98, driven by holiday sales and 20% AWS growth. Investors await comments on AI infrastructure capex.
MicroStrategy, Reddit, Roblox, Fortinet, and Affirm also reporting post-market.
Shell, ConocoPhillips, Bristol-Myers to Report Earnings Pre-Market
Pre-market earnings on Feb. 5 include Shell plc, ConocoPhillips, Bristol-Myers Squibb, Est茅e Lauder, Cigna, Hershey, KKR, and Peloton. Barrick Gold releases 2025 full-year and Q4 results at 6:00 ET; BCE Inc. holds Q4 conference call.
Cummins, Energizer, and others in industrials also reporting.
AstraZeneca Acquires Modella AI for Diagnostic AI Tools
AstraZeneca acquired Modella AI on Jan. 13 to enhance AI tools for diagnostic, prognostic, and therapeutic workflows in precision medicine. The deal supports patient stratification and early detection integration.
Amgen acquired Dark Blue Therapeutics for up to $840M, focusing on biotech advancements.
Amgen Licenses Disco Pharmaceuticals Targets for $618 Million
Amgen signed exclusive licensing with Disco Pharmaceuticals for $618M potential value on cancer surfaceome targets for lung cancer and solid tumors. Aktis Oncology raised $318M in first 2026 biotech IPO, backed by Eli Lilly.
Monte Rosa Therapeutics priced $300M offering for molecular glue degraders.
Baker Hughes Sells 65% of Surface Pressure Control to Cactus
Baker Hughes sold 65% of its surface pressure control business to Cactus for $350M to focus on core operations. Schlumberger acquired ChampionX and RESMAN Energy Technology.
Aramco ramps up US deals in LNG and tech with firms like NextDecade and Baker Hughes.
Iron Horse Acquisition II Enables Separate Trading of Shares and Rights
Iron Horse Acquisition II Corp. announced separate trading of ordinary shares and rights starting Feb. 6, 2026. The SPAC targets deals in fashion, animation, gaming, K-POP, AI, and consumer products.
It examines opportunities across multiple verticals.
Worthington Enterprises to Acquire Logan Stampings for $205 Million
Worthington Enterprises agreed to acquire LSI Group (parent of Logan Stampings) for $205M, announced Dec. 16, 2025, expected to close Jan. 2026. LSI leads in standing-seam metal roof clips for various markets.
The deal bolsters Worthington鈥檚 building products portfolio.