Latest Corporate News News
Warner Bros. Discovery Board Rejects Paramount Skydance Tender Offer, Backs Netflix Merger
Warner Bros. Discovery's Board unanimously determined that Paramount Skydance's tender offer launched on December 8, 2025, is not in shareholders' best interests and recommends rejection. The Board reiterates support for the Netflix merger agreement from December 5, offering $23.25 cash plus $4.50 Netflix shares and Discovery Global value, deemed superior.
Netflix welcomed the recommendation, calling it the best for long-term value.
C&S Wholesale Grocers Acquires SpartanNash in $1.77 Billion Deal
C&S Wholesale Grocers acquired SpartanNash for nearly $1.8 billion, one of 2025's top grocery M&A transactions. This bolsters C&S store fleet after its role in the failed Kroger-Albertsons deal divestitures.
The year featured smaller deals reshaping regional power balances.
Alimentation Couche-Tard Closes $1.57 Billion GetGo Acquisition
Circle K owner Alimentation Couche-Tard completed its $1.57 billion purchase of 270 GetGo and WetGo locations in June 2025. To address antitrust issues, it divested 35 gas stations to Majors Management.
This ranks among convenience store sector's biggest M&A moves.
RaceTrac Acquires Potbelly Sandwich Chain for $566 Million
Atlanta-based RaceTrac bought Potbelly, including 445 U.S. sandwich shops, closing in October 2025. The deal surprised as a c-store operator entering fast-casual restaurants.
Potbelly went private in this consolidation trend.
Sunoco Completes $9.1 Billion Parkland Corp Acquisition
Sunoco LP finalized its October 31 acquisition of Parkland, adding 650 retail outlets and 1,830 dealer sites. Parkland, Canada's second-largest c-store operator, boosted Sunoco's U.S. stores to 275.
The deal was announced in May 2025.
CVB Financial and Heritage Commerce Announce $811 Million Merger
CVB Financial Corp. and Heritage Commerce Corp. agreed to an all-stock merger valued at $811 million, or $13.00 per HTBK share. The deal creates a $22 billion asset California business bank with 75+ branches.
It expands Citizens into the Bay Area while preserving relationship banking.
UWMC Announces Strategic Acquisition of TWO
United Wholesale Mortgage (UWMC) announced acquiring TWO to strengthen positioning, profitability, and cash flow. The deal increases public float by 93% to $2.6 billion and enables synergies in capital markets.
It aligns complementary organizations for growth.
Community West Bancshares and United Security Bancshares to Merge
Community West Bancshares and United Security Bancshares announced a merger on December 17, 2025. Details focus on combining California-based entities to enhance regional banking presence.
This adds to active bank consolidation.
Pfizer Wins Bidding War for Obesity Biotech Metsera in $4.9 Billion Deal
Pfizer acquired Metsera for $4.9 billion after competing with Novo Nordisk, gaining long-acting GLP-1 and amylin assets. The saga topped 2025's most impactful biopharma M&A amid obesity pipeline races.
Pfizer sought external growth after internal failures.
BMS Acquires Orbital Therapeutics for $1.5 Billion in Cell Therapy Bet
Bristol Myers Squibb bought Orbital for $1.5 billion, securing OTX-201 circular RNA therapy for autoimmune disorders. The deal deepens BMS' cell therapy portfolio post anti-BCMA approval.
It contrasts retreats by others from the space.
SCHMID Group N.V. Secures Up to EUR 10 Million Convertible Loan Facility
SCHMID Group N.V. obtained a two-tranche convertible term loan from a lender consortium for up to EUR 10 million. Announced December 17, 2025, it supports financial flexibility.
Details highlight funding for ongoing operations.
Toyota Group to Open THE MOVEUM YOKOHAMA Immersive Museum on Dec. 20
Toyota Group will launch THE MOVEUM YOKOHAMA, an immersive museum, on December 20, 2025. It offers experiences in Toyota City, Japan, focusing on mobility innovations.
Announced December 18, 2025.