Latest Corporate News News
Sonida Senior Living Completes $1.8 Billion Merger with CNL Healthcare Properties
Sonida Senior Living finalized its $1.8 billion strategic merger with CNL Healthcare Properties on March 11, 2026, creating a major player in senior living with 165 communities. The deal, approved by over 88.9% of Sonida shareholders, is immediately accretive and positions the company for long-term value creation, per CEO Brandon Ribar.
Sonida also announced its Q4 2025 earnings release and participation in Citi’s 2026 Global Property CEO Conference.
Cintas to Acquire UniFirst for $5.5 Billion
Paul Hastings advised UniFirst on its $5.5 billion acquisition by Cintas, announced around March 11, 2026, marking a significant consolidation in uniform and facility services. This deal highlights ongoing M&A activity in industrial services sectors.
Related transactions include Paul Hastings advising on other alliances like Star Asia Group with Mizuho Leasing.
Prologis Acquires Large German Logistics Portfolio for €160 Million
U.S.-based Prologis purchased five logistics properties totaling 139,000 sqm in Germany from Union Investment for about €160 million. Locations include Dortmund, Worms, Bönen, and Herne, with the price slightly above recent market value of €157 million.
This is part of Prologis's recent European investment push.
SGS Credit Outlook Upgraded to Stable by Moody’s
Moody’s affirmed SGS’s A3 long-term issuer rating and upgraded its outlook from negative to stable on March 10, 2026. CEO Géraldine Picaud highlighted the firm’s strong financial profile under Strategy 27.
SGS, a global testing leader, recently issued CHF 450 million in bonds and acquired Granite River Labs.
KIN Asset Management Buys Montreal Apartment Complex for $55 Million
Toronto-based KIN Asset Management acquired Le Mistral, a 224-unit rental complex in Montreal, for $55 million, its fourth deal in the region. Partner David Hanick cited affordability, scale, and limited supply as drivers.
This brings KIN’s Montreal portfolio to over 700 units.
Turkey Hotels Face Soaring Costs Amid Record Tourism
Turkish hotels are balancing record tourism with rising costs from high inflation outpacing currency values. Cushman & Wakefield’s Tuğra Gönden noted properties exiting the market or under margin pressure.
Operating costs have intensified significantly in 2025.
Honeywell Aerospace Prices Senior Notes Offering Ahead of Spin-Off
Honeywell announced pricing for Honeywell Aerospace’s senior notes offering, expected to close March 16, 2026, linked to its planned spin-off. This supports portfolio reshaping through mergers and acquisitions.
The move aligns with Honeywell’s strategic financial maneuvers.
Eco (Atlantic) Oil & Gas Acquires JHI and Partners with Navitas
Eco (Atlantic) Oil & Gas announced acquisition of 100% of JHI and a partnership with Navitas in the North Falklands Licence on March 11, 2026. This expands its exploration assets in key regions.
The deal via ACCESS Newswire underscores oil & gas sector M&A activity.
UHS and Talkspace Announce Merger to Create Mental Health Giant
Universal Health Services (UHS) and Talkspace are merging, forming a major player spanning behavioral health services. The combination targets presence across mental health delivery channels.
Details highlight transformative potential in healthcare integration.
VACH Shareholders Redeem Over 99% Shares Ahead of Veraxa Merger
Voyager Acquisition Corp (VACH) saw over 99% public share redemptions before its merger with VERAXA Biotech AG, leaving only 82,685 shares. This sets up the Nasdaq listing post-merger.
High redemptions reflect SPAC dynamics in biotech deals.
Seaport Global Securities Leads $150 Million IPO for SUMA Acquisition
Baker Botts represented Seaport Global in SUMA Acquisition Corporation’s $150 million IPO in March 2026. This supports SPAC activities in capital markets.
The deal exemplifies ongoing public offerings amid M&A trends.
Hedge Funds Suffer Losses from Iran War Market Shocks
Global markets rocked by Iran War led to losses for macro and commodity traders; Brevan Howard’s funds down 1.7-2.4% in early March. Citadel lost $1B in fixed-income/macro, Balyasny cut managers after 3.5% drop.
Pockets of gains seen in Andurand (up 6%) and D.E. Shaw’s Oculus.