Latest Corporate News News
Pinnacle Financial Completes $8.6B Merger with Synovus
Pinnacle Financial Partners has finalized its all-stock merger with Synovus Financial, valued at $8.6 billion, creating a $117B regional bank with 400 branches across nine states. Pinnacle shareholders own 51.5% of the combined entity, following all regulatory approvals on Jan. 2, 2026. This follows similar deals like Commerce Bancshares' acquisition.
US Multinationals Exempt from OECD Global Tax Deal
The OECD finalized a deal exempting US-based multinational companies from the 15% global minimum corporate tax after negotiations with the Trump administration. Nearly 150 countries agreed, aiming to curb profit shifting but protecting US firms from overseas taxes. US Treasury Secretary Scott Bessent hailed it as a victory for sovereignty.
Cozen O'Connor Merges with Moss & Barnett
Am Law 100 firm Cozen O'Connor completed its merger with Minneapolis-based Moss & Barnett on January 5, 2026, adding over 50 attorneys and expanding to over 1,000 lawyers across 35 offices. The deal strengthens Midwest presence in transactional, regulatory, and real estate practices. Chairman Michael J. Heller emphasized growth in key markets.
ESL Federal Credit Union Acquires Generations Bank
ESL completed its $26.2M acquisition of Generations Bancorp assets on Jan. 1, expanding its footprint in Greater Rochester and Finger Lakes after regulatory approvals from FDIC and NCUA. The deal enhances ESL's regional banking presence. All approvals were secured in 2025.
Hyundai Construction Equipment and Develon Merge
Hyundai Construction Equipment merged with HD Hyundai Infracore effective January 1, forming HD Construction Equipment, Korea's largest with $5.5B in sales. A launch ceremony was held in Ulsan, appointing Moon Jae-young as president. The merger consolidates construction equipment operations.
McCormick & Company Buys Majority Stake in McCormick de Mexico
McCormick completed its $750 million acquisition of a majority stake in McCormick de Mexico, bolstering its position in the growing Mexican market. The deal finalizes strategic expansion in Latin America. It enhances flavor production and distribution capabilities.
Nichols Cauley Merges with Partners Risk Services and JGH Consulting
Nichols Cauley announced a merger with Partners Risk Services and JGH Consulting, forming a new integrated platform backed by Madison Dearborn Partners. The combination creates a robust risk services and consulting entity. It positions the firm for expanded offerings.
PNC Financial Nears Completion of $4.1B FirstBank Acquisition
PNC secured regulatory approvals for its $4.1B cash-and-stock acquisition of FirstBank Holding Company, expected to close around Jan. 5, 2026. Approvals came from the Federal Reserve, OCC, and Colorado banking division. This bolsters PNC's regional presence.
Canada's Top 100 CEOs Averaged $16.2M Compensation in 2024
Business Matters reports Canada's 100 highest-paid CEOs earned an average of $16.2 million in 2024 amid economic discussions. This highlights executive pay trends entering 2026.
Rising costs add uncertainty for businesses.
Trump Tariffs Prompt Canada's Lumber Industry Metric Switch
Canada's lumber sector is adapting to Trump's tariffs by switching to the metric system to mitigate impacts. This reflects broader trade adjustments heading into the new year.
Industry faces cost uncertainties.
Ontario's New Pay Transparency Rules Effective
Ontario implemented new pay transparency regulations on January 6, 2026, requiring salary disclosures in job postings. The rules aim to promote equity in hiring.
Businesses must comply amid economic shifts.