Latest Corporate News News
Allegiant to acquire Sun Country in $1.5 billion leisure airline merger
Allegiant agreed to acquire **Sun Country Airlines** in a cash-and-stock deal valuing Sun Country at about **$1.5 billion**, including $0.4 billion of net debt. Sun Country shareholders will receive an implied **$18.89 per share**, and Allegiant and Sun Country investors will own roughly 67% and 33% of the combined leisure-focused U.S. airline, respectively, with closing expected in the second half of 2026 subject to antitrust and shareholder approvals.
Fifth Third’s $10.9 billion Comerica acquisition wins shareholder approval
Shareholders of **Fifth Third Bancorp** and **Comerica Bank** overwhelmingly approved Fifth Third’s planned **$10.9 billion all‑stock acquisition** of Comerica. The deal, one of the year’s largest U.S. bank mergers, is now awaiting final regulatory clearance and is expected to close in the first quarter of 2026, likely by March, with Comerica executives taking senior roles in the combined institution.
UWM Holdings to buy Two Harbors Investment Corp in $1.3 billion deal
**UWM Holdings** announced an all‑stock acquisition of **Two Harbors Investment Corp** valued at about **$1.3 billion**, representing a roughly **21% premium** to Two Harbors’ recent average share price. Two Harbors’ stock jumped around 12% on the news, and the parties highlight expected operational and financial synergies, with completion targeted around mid‑2026, pending customary approvals.
MinRex to merge with Electrum in $28 million gold-copper combination
Australia’s **MinRex Resources** will wholly acquire **Electrum** in a transaction valuing the merged gold and copper assets at about **$28 million**. Electrum shareholders will own roughly 49% of the combined company and MinRex 51%, creating a larger, diversified explorer across Serbia and Australia, with completion anticipated in March 2026 subject to approvals.
Dalaroo Metals completes acquisition of Blue Lagoon Project in Greenland
**Dalaroo Metals** finalized its acquisition of the **Blue Lagoon Project** in Greenland from private firm Ox Resources after satisfying all transaction conditions. Dalaroo paid a $50,000 option fee plus $150,000 in cash on exercising the option and conducted at least $150,000 of exploration spending, gaining full control of the exploration-stage project.
SQX Resources secures 80% stake in Red Bird and Williams gold projects
**SQX Resources** completed the acquisition of **AM6**, giving it an **80% interest** in the Red Bird Gold Project in Arizona and the Williams Gold‑Silver Project in Montana. The consideration includes 20 million SQX shares, $250,000 in cash and up to 30 million performance rights tied to exploration and development milestones, expanding SQX’s North American precious‑metals footprint.
Indian IT leaders TCS, HCL and Wipro kick off global earnings season
Major Indian IT outsourcers **Tata Consultancy Services (TCS)**, **HCL Technologies** and **Wipro** are reporting quarterly results that will effectively launch the new corporate earnings season. Investors are focused on digital and cloud revenue growth, large new contracts in the U.S. and Europe, operating margins and 2026 guidance, which together will signal global demand for IT services and outsourcing at the start of the year.
BluGlass wins A$1.05 million U.S. defense contract extension and adds new director
Australian semiconductor firm **BluGlass** secured an **A$1.05 million** contract extension under the **CLAWS Hub** program with the U.S. Department of War (defense), supporting its laser technology work. The company also continued its board refresh by appointing industry veteran **Jim Haden**, aiming to strengthen governance and execution as it scales defense and commercial opportunities.
IDEAYA Biosciences outlines 2026 strategy at J.P. Morgan Healthcare Conference
**IDEAYA Biosciences** issued a business update and presented its **2026 corporate objectives** at the 44th Annual J.P. Morgan Healthcare Conference. The company’s presentation highlights pipeline progress and strategic priorities for the year, positioning it for potential value‑creating milestones across its oncology programs.
Macy’s to close 14 more stores amid ongoing portfolio rationalization
**Macy’s** plans to close **another 14 stores** as part of its ongoing effort to streamline its store base and focus on higher‑performing locations. The move continues the retailer’s multi‑year restructuring strategy in response to shifting consumer behavior toward e‑commerce and experiential retail formats.
Beauty brands E.L.F., Revlon and Bath & Body Works sue over Trump-era regulations
Prominent beauty companies **E.L.F. Beauty**, **Revlon** and **Bath & Body Works** have joined litigation challenging certain **Trump‑era regulatory actions** affecting the industry. The suits reflect mounting corporate pushback against policies they argue distort competition and increase compliance burdens, adding legal overhang to the sector.