Latest Corporate News News
VERAXA Biotech Shareholders Approve Merger with Voyager Acquisition Corp
VERAXA Biotech shareholders approved the merger and issuance of new shares to Voyager Acquisition Corp (NASDAQ: VACH), a SPAC sponsored by Cantor Fitzgerald. This paves the way for the business combination, with the combined entity expected to list on NASDAQ as VRXA upon closing. The agreement was signed April 22, 2025, with a proxy statement filed February 19, 2026.
Consortium Led by Global Infrastructure Partners and EQT to Acquire AES for $10.7 Billion
A consortium including Global Infrastructure Partners, EQT, CalPERS, and Qatar Investment Authority agreed to buy AES for $15 per share in cash, valuing equity at $10.7 billion and enterprise at $33.4 billion. AES will accelerate growth as a clean energy platform, with regulated utilities like AES Indiana continuing operations. The deal, approved by AES's board, is expected to close late 2026 or early 2027 pending approvals.
Hudbay Minerals to Acquire Arizona Sonoran, Creating Third Largest Copper District
Hudbay Minerals announced its acquisition of Arizona Sonoran, forming the third largest copper district in North America. The deal aims to bolster Hudbay's copper production capabilities amid rising demand. Announced on March 2, 2026, it strengthens Hudbay's position in key mining regions.
Mutares Completes Acquisition of Mimovrste, Mall.hr, and IT Resources from Allegro Group
Mutares finalized the purchase of e-commerce platforms Mimovrste and Mall.hr, along with dedicated IT resources from Allegro Group. This acquisition expands Mutares' portfolio in online retail. The transaction was completed on March 2, 2026.
Leading US Firms Confirm Roles in $110 Billion Paramount-Warner Bros Discovery Merger
Top US law firms including Latham & Watkins, Cravath, Swaine & Moore, and Wachtell confirmed their involvement in the landmark $110 billion merger between Paramount and Warner Bros Discovery. The deal represents a major consolidation in media and entertainment. It is described as a watershed transaction reshaping the industry.
Oil Prices Spike 9% Amid Middle East Tensions, Impacting Energy Traders
Brent oil surged 9% and WTI crude 7% following US and Israeli strikes on Iran, raising fears of Strait of Hormuz closure. Energy markets face supply chain disruptions, higher insurance costs, and logistical issues. Economist Mohamed El-Erian noted immediate impacts on maritime and aviation sectors.
Global Stocks Plunge in Selloff as Middle East Conflict Escalates
S&P 500 futures dropped 1.22%, STOXX Europe 600 fell 1.76%, and Nikkei declined 1.35% due to oil spikes from Iran conflict. Defense stocks like BAE Systems rose over 6%, while UAE and Kuwait exchanges shut temporarily. Analysts warn oil could exceed $100 per barrel if disruptions persist.
AES Corporation Enters Definitive Merger Agreement with Horizon Parent
AES signed a merger agreement to be taken private by Horizon Parent, L.P., led by Global Infrastructure Partners and EQT, in an all-cash deal. Equity financing is fully committed, with no financing condition. Closure expected late 2026 or early 2027 subject to approvals.
Britain Allows US Use of Military Bases for Strikes on Iran
UK Prime Minister Sir Keir Starmer permitted US use of British bases for limited defensive actions against Iran after Tehran's strikes on allies. This policy shift supports the fight amid escalating Middle East tensions. Starmer announced it in a video on X.
Three Oil Tankers Damaged Off Gulf Coast in Iranian Retaliation
At least three tankers were hit off the Gulf after US and Israeli strikes prompted Iranian response, risking merchant ships. Over 200 vessels anchored near Strait of Hormuz due to surged risks. Shipping sources reported collateral damage threats.
US Warplanes Crash in Kuwait During Iranian Fire
Several American warplanes crashed in Kuwait amid intense Iranian attacks, but all pilots bailed out safely and are stable. Kuwait's defence ministry is investigating causes. The incident occurred during heightened regional conflict.