Latest Corporate News
Banco Santander Acquires Webster Financial for $12.18 Billion
Banco Santander SA announced on Feb. 3 the acquisition of Webster Financial Corp. for $12.18 billion, the largest US bank M&A deal since BMO's 2021 purchase of Bank of the West. This transaction highlights surging Q1 2026 bank M&A activity on pace for the highest value in seven years.
It follows Prosperity Bancshares' $2.02 billion deal for Stellar Bancorp.
Prosperity Bancshares Buys Stellar Bancorp for $2.02 Billion
Prosperity Bancshares Inc. announced on Jan. 28 its $2.02 billion acquisition of Stellar Bancorp Inc., ranking as the seventh largest US bank deal since 2025. This marks Prosperity's seventh consecutive bank purchase in Texas since 2015.
The Houston-based bank recently completed acquisitions of American Bank Holding Corp. for $327.6 million and Southwest Bancshares for $270.5 million.
Columbia Financial to Acquire Northfield Bancorp for $596.6 Million
Columbia Financial Inc. announced on Feb. 2 the $596.6 million purchase of Northfield Bancorp Inc., the 15th-largest US bank deal since 2025 and the first in the Northeast. Columbia's majority owner, Columbia Bank MHC, will undergo a second-step conversion to a public stock-holding company.
The deal expands operations in New Jersey.
Elon Musk Merges xAI and SpaceX in Massive Consolidation
Elon Musk announced the merger of xAI and SpaceX, creating the world’s most valuable private company ahead of SpaceX's reported IPO. Tesla disclosed a $2 billion investment in xAI last week, providing capital for its AI infrastructure against rivals like OpenAI.
The deal breaks records previously held by Vodafone's 2000 acquisition of Mannesmann.
Altus Group Appoints Rich Sarkis as Chief Marketing Officer
Altus Group appointed Rich Sarkis as chief marketing officer effective immediately; Sarkis joined via the Reonomy acquisition and led Argus Intelligence launch in 2025. Shane Stewart was named president and CEO of Priestly Demolition.
Jim Hannon departed as CEO, with Mike Gordon becoming CEO in Q1 2026.
Empire Company Limited Names Pierre St-Laurent as CEO
Empire Company Limited appointed Pierre St-Laurent as president and CEO of the company and Sobeys, effective immediately, and 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.
Toyota Motor to Release Q3 FY2026 Earnings
Toyota Motor, the world’s largest automaker, will report Q3 FY2026 (Oct-Dec 2025) results on February 6, focusing on yen depreciation benefits, hybrid sales, EV strategies, and component shortages. Mitsubishi UFJ Financial Group and Sony Group are also concluding weekly reports around this date.
Analysts expect profit growth amid industry challenges.
Flowserve Acquires Trillium Flow Technologies’ Valves Division
Flowserve Corporation signed a $490 million cash deal to acquire Trillium Flow Technologies’ Valves Division, expanding in nuclear, power, industrial, and infrastructure markets. The acquisition strengthens leadership in highly engineered mission-critical valves.
It was announced on Feb 5, 2026.
Kodiak Gas Services to Buy Distributed Power Solutions for $675 Million
Kodiak Gas Services entered a definitive agreement to acquire Distributed Power Solutions for approximately $675 million in equity and cash. DPS provides turnkey, scalable distributed power solutions across diverse markets.
The deal was announced on Feb 5, 2026.
AES Corporation Attracts Takeover Interest from BlackRock and EQT
AES Corporation, a U.S. utility, faces potential acquisition by BlackRock's Global Infrastructure Partners and EQT AB after exploring strategic options including sale. Shares jumped on reports of an imminent offer; AES operates in defensive utilities with attractive valuation.
Interest dates back to October, with no deal finalized yet.
Stock Yards Bancorp Acquires Field & Main Bancorp for $103.2 Million
Stock Yards Bancorp Inc. announced a $103.2 million acquisition of Field & Main Bancorp Inc., the first Southeast bank target recently. The combined entity nears $10 billion assets, delaying threshold crossing until 2028 via balance sheet management.
It invites added regulatory scrutiny.
Farmers National Banc Corp. Receives Merger Approvals with Middlefield
Farmers National Banc Corp. and Middlefield Banc Corp. secured all regulatory approvals for their merger, announced Feb 5, 2026. Middlefield will merge into Farmers, enhancing banking operations in Ohio.
The deal advances toward completion.