Latest Corporate News News
Stellantis-Backed ACC Shelves Battery Gigafactories in Italy and Germany
Automotive Cells Company (ACC), backed by Stellantis, is shelving plans for battery gigafactories in Italy and Germany due to slower-than-expected EV growth. The projects, on hold since 2024, are part of dozens aimed at reducing Chinese reliance but shifting to cheaper battery tech. Stellantis warned of a 22 billion euro hit and plans to sell a stake in the joint venture.
First Merchants Corp Finalizes Merger with First Savings Financial Group
First Merchants Corporation (NASDAQ: FRME) and First Savings Financial Group (NASDAQ: FSFG) completed their merger effective February 1, 2026, following regulatory approvals. The deal combines assets to $21.4 billion, making First Merchants the second-largest financial holding in Indiana. First Savings Bank will merge into First Merchants Bank by Q2 2026.
Stellantis Overestimated EV Shift, Faces 22 Billion Euro Hit
Stellantis, owner of Peugeot and Jeep, admitted overestimating consumer shift to electric vehicles, leading to a 22 billion euro financial impact. The company will sell a stake in its battery joint venture amid slower EV adoption. This ties into ACC's gigafactory delays in Europe.
Bithumb Crypto Exchange to Reimburse Users After $51B Bitcoin Error
South Korean exchange Bithumb mistakenly distributed 620,000 Bitcoin (worth $40-51B) instead of 620,000 won to 695 users on Feb 6, causing a panic sell-off. The error was fixed within 20 minutes, and the exchange pledged full reimbursement for losses. This highlights operational risks in crypto platforms.
MondeVita Completes Acquisition of Caruso
MondeVita finalized its acquisition of Caruso on February 7, 2026, as part of ongoing financial sector mergers and takeovers. Details on the deal's value and strategic impacts were noted in recent corporate activity lists. This reflects active M&A in finance.
CQG Enters Agreement for Acquisition by Broadridge
CQG signed an agreement to be acquired by Broadridge on February 6, 2026, strengthening positions in financial technology and trading services. The deal is listed among recent acquisitions in the financial services space. It aims to enhance data and analytics offerings.
USI Subsidiary Acquires Controlling Stake in Eugenlight Technologies
Universal Optoelectronics, a USI subsidiary, acquired a controlling stake in Eugenlight Technologies to advance optical interconnect integration. Announced in January 2026, it boosts tech industry consolidation. This positions the firms for growth in advanced optics.
Ferretti International Holding Rejects Partial Tender Offer from KKCG Maritime
Ferretti International Holding S.p.A., controlling shareholder of Ferretti S.p.A., expressed no intention to support KKCG Maritime's partial public tender offer launched recently. The statement came on January 22, 2026, amid maritime sector M&A activity. It signals shareholder resistance to the bid.
Mushrooms, Inc. to Acquire SecurCapital Corp
Mushrooms, Inc. (MSRM) announced plans to acquire SecurCapital Corp as part of February 2026 merger activity. The deal is tracked in ongoing M&A calendars for investors. It expands Mushrooms' portfolio into security-related assets.
Rich Sparkle Holdings Announces Celebrity Partnership for Capitalization Push
US-listed Rich Sparkle Holdings (ANPA.US) revealed partnerships with influencers Khaby Lame and Yang for a new capitalization era targeting 700 million fans. Announced January 15, 2026, it blends entertainment and finance strategies. The move aims to boost market presence.