Latest Corporate News News
Orica Settles Major US Litigation with CF Industries and Acquires Nelson Brothers Explosives Business
ASX 200 stock Orica settled a long-running US dispute with CF Industries for US$169.5 million (A$242.3 million), removing litigation uncertainty without admitting liability. Simultaneously, Orica agreed to acquire 100% of Nelson Brothers' US explosives business for US$25 million plus retiring US$48 million debt, gaining four emulsion plants and enhanced market access.
The deals, closing in H2 FY2026, strengthen Orica's North American supply chain and deliver earnings benefits.
Micron Completes Acquisition of PSMC's Tongluo P5 Site in Taiwan
Micron finalized its US$1.8 billion purchase of Powerchip's P5 Tongluo fab site, adding ~300,000 sq ft of 300mm cleanroom space on March 15, 2026. Retrofit work on the existing cleanroom begins immediately, with meaningful shipments expected in fiscal 2028 and a second facility expansion planned.
This supports Micron's AI-focused capacity growth following recent Singapore fab and LPDRAM announcements.
Bain Capital to Acquire Perpetual's Wealth Management Division
Bain Capital agreed to buy the wealth management arm of Australian firm Perpetual after a strategic review. The deal may signal expanded US wealth management participation for Bain.
Details on valuation and timeline were not specified in reports.
Agero Announces Acquisition of Urgently
Agero will acquire Urgently via tender offer and merger, expected to close by end of May 2026 pending customary conditions. Evercore is advising on the transaction.
The deal enhances Agero's position in automotive services.
Hyundai Mobis Puts Bumper Business on Market for Robotics Focus
Hyundai Mobis is selling its bumper operations, the second legacy ICE component divestiture this year, to pivot toward robotics and EV tech. This aligns with Hyundai Motor Group's supply chain role for Boston Dynamics' humanoid Atlas robot.
OPmobility was named preferred bidder for its lighting business earlier.
Inflection Point Acquisition Corp. III Sees Surge in Short Interest
Short interest in NASDAQ:IPCX significantly increased as of March 15, 2026, per market data. This reflects growing bearish sentiment on the SPAC amid volatile M&A conditions.
No specific catalysts detailed beyond broader market trends.
Airlines Raise Fares Amid Surging Jet Fuel Prices from Strait of Hormuz Crisis
Global oil disruptions from Middle East tensions have spiked jet fuel costs, prompting Air Canada to adjust prices and WestJet, Sunwing to plan hikes. The Strait closure chokes 20% of world oil supply, exacerbated by US strikes on Iranian oil hubs.
Canada commits 24 million barrels to stabilize markets.
Southwest Airlines to End Service at Chicago O'Hare and Washington Dulles
Southwest will cease flights from O'Hare and Dulles effective June 4, 2026, to refine its network, continuing service via Midway and Reagan airports. This follows economic pressures from global energy market volatility.
No further expansion details provided.
Wharton Hosts M&A Conference in San Francisco March 18-19
The annual Wharton M&A conference convenes corporate teams to address volatile markets, AI in deals, and regulatory challenges on March 18-19, 2026. Sessions cover strategy, gen AI applications, and integration best practices.
Offers CLE/CPE credits with diverse industry speakers.
Mining M&A Scene Marked by Volatility and Regulation in 2026
Public M&A in mining, highlighted by the 'Imperial mammoth deal', faces volatility, contests, and regulatory hurdles early 2026 per King & Wood Mallesons. Broader dealmaking remains active despite challenges.
Specific Imperial details not elaborated.
Hyundai Mobis Advances EV and Tech with Slovakia Investment, Zeiss HUD Partnership
Hyundai Mobis plans $257M EV parts plants in Slovakia and 2027 mass-production of holographic HUDs with Zeiss. These moves support shift from traditional auto parts.
Ties into robotics push via Boston Dynamics.