Latest Corporate News
Legence Completes Acquisition of Bowers Group
Legence Corp. (Nasdaq: LGN) finalized its acquisition of The Bowers Group, a mechanical contractor in Maryland, for $325 million upfront cash plus $50 million deferred. CEO Jeff Sprau highlighted enhanced service offerings and growth strategy.
The deal was funded via cash, borrowings, term loan upsizing, and stock issuance.
Prosperity Bancshares Merges with American Bank Holding
Prosperity Bancshares, Inc. completed its merger with American Bank Holding Corporation on January 2, 2026. The Houston-based bank announced the deal via PRNewswire, strengthening its regional presence.
Details on terms were not specified in the release.
FairWave Makes Largest Acquisition to Date
Kansas City's FairWave announced its biggest acquisition on January 2, 2026, expanding in food and lifestyle sectors. The deal underscores active M&A in regional markets.
Specific target details were highlighted in business journals.
Tesla Overtaken by BYD in 2025 Global EV Sales
Tesla's 2025 deliveries fell 8.6% to 1.636 million vehicles, surpassed by China's BYD for the first time. Production dropped to 1.655 million from 1.789 million in 2024.
This marks a shift in EV market leadership.
BigBear.ai Redeems Convertible Notes, Cuts Debt
BigBear.ai announced redemption of its 6% Convertible Senior Secured Notes due 2029 on January 16, 2026, eliminating ~$125 million debt. Noteholders can convert to ~38 million shares, simplifying balance sheet.
Move sparks merger speculation amid Ask Sage integration.
No Major Corporate Earnings on January 4 Calendar
Global corporate reporting calendar empty for S&P 500, Euro Stoxx 50, Nikkei, MOEX on this Sunday. Holiday lull precedes Q4 2025 earnings from US banks and tech in late January.
European full-year results expected in February.
US Tech M&A Rebounds Strongly in 2025
US tech sector M&A hit $543 billion in 2025, highest since 2022-2023 slowdown. Deals reflect renewed activity post-muted years.
Roundup highlights key transactions driving growth.
Nystrom & Associates Acquires Ellie Mental Health Ops
Nystrom & Associates bought Ellie Mental Health's Minnesota operations, expanding healthcare services. Deal part of August 2025 M&A wave, though dated.
Focuses on mental health sector consolidation.
Everstream Solutions Sale to Bluebird Fiber Approved
Court approved $385 million sale of Everstream Solutions to Bluebird Fiber in tech sector. Strengthens fiber infrastructure capabilities.
Recent M&A activity in telecom highlighted.
Ancestry Acquires iMemories for AI Storytelling
Ancestry bought Scottsdale's iMemories to boost AI-powered storytelling features. Enhances genealogy tech offerings.
Part of broader 2025 tech consolidation trend.
US Markets Await Jobs Data and Earnings Kickoff
S&P 500 seeks direction with January 9 jobs report setting tone for 2026 trading. Investors eye Fed policy, tariffs, and upcoming corporate earnings.
After 16% gain in 2025, volatility low but ranges tight.
China Data to Influence Global Corporate Risk Appetite
Upcoming Chinese PMI and trade figures will impact Asia, Europe, US markets. Investors monitor for signals on world's second-largest economy.
Affects corporate profit outlooks amid slowdown concerns.