Latest Corporate News
Orica Settles Major US Litigation with CF Industries and Acquires Nelson Brothers Explosives Business
Orica, an ASX 200 stock, settled a long-running US litigation with CF Industries for US$169.5 million (A$242.3 million) with no admission of liability, removing uncertainty and diversifying its US supply base. Alongside, it agreed to acquire 100% of Nelson Brothers' US explosives business for US$25 million plus retiring US$48 million debt, adding emulsion plants and market channels; deals close H2 FY2026.
CEO Sanjeev Gandhi stated this strengthens North American operations and supports growth strategy.
Micron Completes Acquisition of PSMC's Tongluo P5 Site in Taiwan
Micron finalized its US$1.8 billion purchase of Powerchip's 300mm Tongluo P5 fab site on March 15, 2026, adding ~300,000 sq ft cleanroom space. Retrofitting begins immediately for shipments in fiscal 2028, with phase two expansion of 270,000 sq ft planned by end FY2026.
This extends Micron's capacity push including recent Singapore fab and AI products.
Bain Capital to Acquire Perpetual's Wealth Management Division
Bain Capital will buy the wealth management arm of Australian firm Perpetual after a strategic review. The deal may boost Bain's US wealth management participation.
Details on terms and timeline not specified in reports.
Agero Announces Acquisition of Urgently
Agero is acquiring Urgently via tender offer and merger, expected to close by end of May 2026 pending conditions. Evercore advises on the transaction.
This consolidates services in the roadside assistance sector.
Hyundai Mobis Puts Bumper Business on Market for Robotics Focus
Hyundai Mobis is selling its bumper business, second legacy ICE divestiture this year, to prioritize humanoid robotics like Boston Dynamics' Atlas. OPmobility named preferred bidder for its lighting business amid pivot to software and EV tech.
Group eyes industrial robot deployment first.
Thermo Fisher Scientific Poised for Growth via AI and Acquisitions
Thermo Fisher (TMO) is positioned for robust expansion through AI integration and strategic acquisitions. Published March 15, 2026, analysis highlights these drivers.
No specific deal details in the report.
SNSE Transforms into Faeth Therapeutics via Reverse Merger
On February 18, 2026, SNSE announced a reverse-merger-style transaction transforming into Faeth Therapeutics, yielding 200% return in one day for some investors. Focus shifts to new therapeutic direction.
Event noted in value investing update.
Imperial Mining Deal Labeled 'Mammoth' in 2026 M&A Scene
Imperial's transaction described as a mammoth deal amid volatile, contested 2026 public M&A landscape per King & Wood Mallesons. Reflects ongoing mining sector consolidation.
Broader regulatory challenges noted.
Orica Announces $120 Million Share Buyback
ASX 200 industrial Orica launched a $120 million buyback alongside US developments. This supports shareholder value amid positive market reaction.
Ties into strengthened US positioning.
DroneShield Makes Major European Operations Announcement
DroneShield announced significant expansion in European operations. Details part of ASX 200 updates boosting shares.
Enhances counter-drone capabilities regionally.
Strait of Hormuz Closure Impacts Global Energy Firms with Surging Oil Prices
Closure chokes 1/5 of world oil supply; Trump calls for UK, China, France warships to reopen strait. US strikes Iranian oil hub; airlines like Air Canada, WestJet raise fares on jet fuel costs.
Canada commits 24M barrels release; Carney pushes low-carbon exports.