Latest Corporate News News
ZIM Acquired by Hapag-Lloyd for $35.00 per Share in $4.2 Billion Deal
ZIM Integrated Shipping Services entered a merger agreement with Hapag-Lloyd for $35.00 per share in cash, totaling approximately $4.2 billion. The deal strengthens global market position, creates 'New ZIM' for Israeli routes with Hapag-Lloyd support, and is expected to close by late 2026 pending approvals. ZIM's board unanimously approved the transaction after a strategic review.
Portland General Electric Acquires PacifiCorp's Washington Operations for $1.9 Billion
PGE announced a $1.9 billion acquisition of PacifiCorp's Washington state utility operations, partnering with Manulife Investment Management. The deal, at 1.4x 2026 rate base, will serve 140,000 customers and enhance EPS growth. PGE also secured agreements for 615 MW solar and battery projects.
It initiates 2026 earnings guidance of $3.33-$3.53 per share.
Genuine Parts Company Plans Split into Automotive and Industrial Public Companies
Genuine Parts reported Q4 and full-year 2025 results and announced plans to separate its Automotive and Industrial businesses into two public companies. The move aims to create industry-leading entities. It also provided 2026 outlook amid the restructuring.
Details on financials were released on February 17.
Goldman Sachs CEO Forecasts Record-Breaking 2026 for M&A Activity
David Solomon predicted 2026 as a top decile year for mergers and acquisitions, ending early 2020s slump. Bulge-bracket banks like Goldman, Morgan Stanley, and JPMorgan stand to gain from advisory fees, with 11-15% revenue increases projected. The forecast was made at UBS conference on February 10.
Kennedy Wilson to be Acquired by Consortium Led by CEO William McMorrow
Kennedy Wilson entered a definitive all-cash merger agreement with a consortium led by CEO William McMorrow and Fairfax Financial. The deal was announced on February 17. It provides for acquisition in an all-cash transaction.
Monroe Capital Funds Fusion Capital's Acquisition of Excel Testing and Engineering
Monroe Capital arranged senior credit facility for Fusion Capital Partners' acquisition of Excel Testing and Engineering Holdings. Excel provides emissions, battery, and durability testing services. The funding supports the full product lifecycle testing business founded in 2002.
Announcement made February 17.
Crown PropTech Extends Merger Timeline with Mkango Rare Earths to Late 2026
Crown PropTech amended its business combination with Mkango, extending closing to September 30, 2026, with possible extension to December 31. It restructures ownership for Songwe Hill project and Pulawy plant. A $1M promissory note maturity was also extended to December 31, 2026.
CIIG funded additional notes for Mkango.
Warner Bros. Discovery Files Proxy for Netflix Transaction Approval
WBD filed definitive proxy statement for a special meeting on March 20, 2026, to approve the WBD-Netflix transaction. It notes underperformance against Paramount acquisition plans. The proposed deal values WBD at $108.4 billion as of February 10.
Partial acquisition by Netflix is in progress.
US Stock Markets Close Mixed Amid AI Concerns and Sector Declines
US indexes ended mixed on Friday: Nasdaq down 0.2% to 22,546.67, S&P 500 up 0.1% to 6,836.17, Dow down 1.2% for the week. Tech, financials, energy sectors tumbled; utilities gained. AI disruption fears hit Morgan Stanley (-4.8%), CBRE (-16% YTD), Netflix (-6% YTD).
Marine Bancorp of Florida Merger with ELGA Credit Union Advances
Marine Bancorp announced its merger with ELGA Credit Union has received necessary approvals. Shareholders were advised of the pending transaction. The update was issued February 17.
It progresses the previously announced deal.
Hapag-Lloyd-ZIM Merger to Form Top 5 Global Container Line with Synergies
The $4.2B Hapag-Lloyd acquisition of ZIM will create a top-5 global container shipping company by end-2026. It promises major synergies and strengthens market position. Hapag-Lloyd commits to long-term Israel presence and employee retention.