Latest Corporate News
Public Storage to Acquire National Storage Affiliates for $10.5 Billion
Public Storage (NYSE: PSA) announced an all-stock acquisition of National Storage Affiliates (NYSE: NSA) valued at $10.5 billion enterprise value. NSA shareholders will receive 0.14 PSA shares per NSA share, equating to $41.68 based on March 13 closing price; deal expected to close Q3 2026 pending approvals. Both boards unanimously approved, promising significant value creation.
Conference call held March 16 at 8:00 a.m. ET.
Ondas Holdings Completes Acquisition of UK-based Rotron Aerospace
Ondas (Nasdaq: ONDS) finalized its purchase of Rotron Aerospace on March 16, adding long-endurance VTOL drones, long-range unmanned aircraft, and proprietary aero-engines to its portfolio. The deal establishes a UK base, expanding Ondas' NATO footprint for defense programs.
Outlook details to be shared on March 25 earnings call.
GN Store Nord Sells Hearing Business to Amplifon for DKK 17 Billion
GN Store Nord A/S agreed to sell its hearing business to Amplifon S.p.A. for DKK 17.0 billion, creating a global audiology leader with €3.3B combined revenues. J.P. Morgan confirmed the deal's fairness to GN's board.
GN's 2026 organic revenue guidance now 2-8% excluding the unit.
New Providence Acquisition Corp. III Enters Business Combination Agreement
On March 16, 2026, the SPAC New Providence Acquisition Corp. III signed a Business Combination Agreement. Details on the target and terms were filed with the SEC.
This follows standard SPAC merger processes.
Orion Resource Partners Completes Record Fundraise Over $9 Billion AUM
Orion Resource Partners achieved its largest fundraise, pushing total assets under management beyond $9 billion. Builds on $43M close of Orion Industrial Ventures fund in January 2026 for emerging tech investments.
Strengthens position in resource and industrial sectors.
Bain Capital Acquires Perpetual's Wealth Management Division
Bain Capital's deal for Perpetual's wealth management arm separates it from the broader asset management business, potentially signaling larger US entry. Announced March 15, 2026.
Could expand Bain's participation in US wealth management.
China's Economy Shows Surprise Rebound Amid Asia-Pacific Market Gains
China's economy rebounded unexpectedly, boosting Asia-Pacific stocks, particularly in Korea. Farm pharma and Sinopec oil fields report earnings; tech plays eyed as outperformers.
Markets stabilize post-US strikes on Iranian hub.
Oil Prices Volatile After US Strikes on Iranian Export Hub
Oil trimmed gains in choppy session following US strikes on key Iranian export hub, with Trump demanding ally help on Strait of Hormuz. Impacts energy stocks and broader assets like aluminum and zinc producers.
Dubai flights temporarily halted due to fuel depot hit.
Trump Seeks International Help to Secure Strait of Hormuz
President Trump warned nations that the US 'will remember' those not aiding Hormuz security amid ongoing Iran conflict entering third week. Oil surges ripple across markets, pressuring ASX 200 and KOSPI.
Treasury yields rise with asset class impacts.
Asian Tech and Metals Mixed Amid Geopolitical Tensions
Samsung, SK Hynix weaker; Nikkei up 1.25% as Chinese markets stabilize. Aluminum firms like Hong Chao, Chinalco slightly up; oil stocks volatile.
China's 30-year bond yields hit highest close recently.
China Responds to US 301 Probe on Industrial Capacity
China's Commerce Minister addressed US allegations in Section 301 probe on industrial overcapacity. Markets watch for escalation amid oil and trade tensions.
Semiconductor boom and WGBI inclusion eyed for surpluses.