Latest Corporate News
Allegiant to Acquire Sun Country in $1.5 Billion Leisure Airline Merger
Allegiant and Sun Country Airlines agreed to merge 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**, with Allegiant and Sun Country owners holding roughly 67% and 33% of the combined company, which will be headquartered in Las Vegas pending U.S. antitrust and shareholder approvals in the second half of 2026.
Fifth Third’s $10.9 Billion Comerica Acquisition Clears Key Shareholder Hurdle
Fifth Third Bancorp’s planned **$10.9 billion** all‑stock acquisition of Comerica Bank won overwhelming shareholder approval at both institutions, moving one of the year’s largest U.S. bank mergers closer to completion. The deal is expected to close in the first quarter of 2026, subject to remaining regulatory approvals, with Comerica’s CEO slated to become vice chair and several Comerica executives and directors joining the combined leadership and board.
UWM Holdings to Acquire Two Harbors Investment Corp in $1.3 Billion Deal
UWM Holdings announced it will acquire mortgage REIT **Two Harbors Investment Corp** in a transaction valued at about **$1.3 billion**. The deal offers a roughly **21% premium** to Two Harbors’ recent average share price and sparked a double‑digit share price jump, with completion targeted around mid‑2026 to create operational and financial synergies and expand UWM’s market reach.
MinRex–Electrum $28 Million Gold-Copper Merger to Create Diversified Explorer
MinRex Resources will fully acquire Electrum’s shares in a **$28 million** merger combining Electrum’s Serbian gold and copper assets with MinRex’s gold and base metals projects in Australia. Electrum shareholders will hold about 49% of the merged entity, which management describes as “transformational,” providing a public listing in Australia and a more diversified, better‑capitalized exploration platform across two “tier‑one” jurisdictions.
Dalaroo Metals Completes Acquisition of Blue Lagoon Project in Greenland
Dalaroo Metals finalized its acquisition of the **Blue Lagoon Project** in Greenland from privately held Ox Resources after satisfying all option conditions. The company paid a $50,000 option fee plus $150,000 in cash and committed at least $150,000 of exploration spending, positioning Dalaroo to advance gold and base‑metals exploration in the Arctic region.
SQX Resources Secures 80% Stake in Red Bird and Williams Gold-Silver Projects
SQX Resources completed the acquisition of privately held AM6, gaining an **80% stake** 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 Majors TCS, HCL, and Wipro Kick Off Global Tech Earnings Season
Tata Consultancy Services, HCL Technologies, and Wipro are set to report quarterly results that will help gauge **global demand for IT outsourcing and digital services**. Investors will focus on revenue growth in digital segments, operating margins, large deal wins, and 2026 guidance, with these reports seen as early indicators for broader tech spending by clients in the U.S. and Europe.
IDEAYA Biosciences Outlines 2026 Corporate Objectives at J.P. Morgan Healthcare Conference
IDEAYA Biosciences is providing a business update and detailing its **2026 corporate objectives** at the 44th Annual J.P. Morgan Healthcare Conference. Management plans to review pipeline progress and strategic goals during a conference presentation, signaling priorities for clinical development and potential partnering or capital‑raising moves in the year ahead.
EY Forecasts Surge in Biopharma M&A Through 2026 Amid Sluggish IPO Market
EY expects **biopharma M&A activity to accelerate** in 2026, even as initial public offerings remain subdued, according to analysis released around the J.P. Morgan Healthcare Conference. The firm cites a revived bull market and strong industry fundamentals, with M&A dollar volume in 2025 led by oncology deals ($146 billion) and significant activity in neuroscience ($83 billion) and immunology/inflammation ($82 billion), trends projected to continue.
I Squared Capital to Acquire Ramudden Global from Triton Funds
Infrastructure investor **I Squared Capital** agreed to acquire Ramudden Global, a traffic management and work‑zone safety services group, from funds advised by Triton Partners. The transaction, on which Skadden is advising I Squared, underscores continuing private‑equity interest in infrastructure‑adjacent services, though financial terms were not disclosed.
Macy’s to Close Another 14 Stores as U.S. Department-Store Restructuring Continues
Macy’s plans to **close 14 additional stores**, continuing a multi‑year downsizing as it shifts toward higher‑productivity locations and digital sales. The move reflects persistent pressure on legacy department‑store formats from e‑commerce and off‑price competitors, as retailers aim to streamline footprints and improve profitability.
Beauty Brands E.L.F., Revlon, and Bath & Body Works Sue Over Trump Administration Tariffs
Cosmetics players **E.L.F. Beauty, Revlon, and Bath & Body Works** have joined litigation challenging tariffs imposed during the Trump administration, arguing the duties inflated costs on imported inputs. The suits highlight ongoing corporate pushback against trade measures that companies say hurt margins and raise consumer prices, even years after implementation.