Latest Corporate News News
Plum Acquisition Corp. IV to Merge with Controlled Thermal Resources in $4.7B Deal
Plum Acquisition Corp. IV announced a definitive business combination with Controlled Thermal Resources, valuing the combined geothermal power and lithium producer at $4.7 billion. CTR holders will own about 90.6% of the new company, with closure expected in H2 2026 pending approvals.
Servier Acquires Day One Biopharmaceuticals for $2.5 Billion
Servier entered a deal to buy Day One Biopharmaceuticals for $21.50 per share in cash, totaling $2.5 billion equity value, to expand its rare oncology portfolio. The acquisition targets pediatric low-grade glioma and other cancers, closing in Q2 2026.
Universal Health Services to Acquire Talkspace for $5.25 Per Share
Universal Health Services (UHS) agreed to acquire Talkspace at $5.25 per share, with the deal unanimously approved by both boards. Closure is targeted for Q3 2026, subject to stockholder and regulatory approvals.
Lisata Therapeutics to be Acquired by Kuva Labs for $5 Plus CVR Per Share
Lisata Therapeutics will be bought by Kuva Labs for $5.00 per share in cash plus a $1.00 contingent value right, following board recommendation. The tender offer is set to close in Q2 2026 pending majority tender.
TRUBAR Acquired by ETi Gıda for $173 Million
ETi Gıda acquired TRUBAR for $173 million to fuel global growth in snacks, with TRUBAR's team remaining in place. The deal leverages ETi's manufacturing expertise for North American and international expansion.
RED Global Acquires Consulting Firm LRB Group
RED Global bought North Carolina-based LRB Group to boost its US presence in Workday consulting services. CEO Ross Eades praised LRB's growth in the Workday community as immediate value for clients.
Calisa Acquisition Corp Enters Merger with GoodVision AI
Calisa Acquisition Corp (ALIS) announced a merger agreement with GoodVision AI, approved by both boards. The deal is expected to close in the second half of 2026.
Oil Prices Surge Above $100 Sparking Global Stock Slump
Oil surged past $100 per barrel amid escalating Iran tensions, leading to sharp declines in stocks and bonds worldwide. Markets in Asia saw heavy selling in tech heavyweights like TSMC and Samsung.
Oracle Shuts Down Data Center Amid Higher Energy Costs
Oracle closed a data center plant due to soaring energy prices from the oil surge and AI boom pressures. Analysts watch for other firms to trim expansion plans.
Markets Brace for Energy and Tech Sell-Off as Iran Conflict Escalates
Global markets face steep losses with energy up but tech and chips down sharply, driven by oil spikes and regional tensions. Sectors like shipping, airlines, and refiners are vulnerable.