2 days ago
San Antonio viewers are about to see a new face on their TV screens. But one station's new addition is a face you may have seen before.
Casey Viera, who spent about three and a half years with local CBS affiliate KENS 5, announced on social media on Thursday, October 29, that he'll be making a comeback in San Antonio.
"Happy to share I've returned back to KENS5 as a Sports Anchor," Viera wrote in a post on X. "Thrilled to be back to make more memories in such an exciting time in San Antonio with a place that's given me some of the best times of my career."
According to LinkedIn, Viera was with KENS 5 from January 2022 until May 2025, where viewers saw anchored the 6 and 10 p.m. sportscasts. Viera told MySA his contract with the station timed out amid TEGNA's merger with Nexstar Media Group, though he never wanted to leave because it's the "best newsroom I've ever worked in."
"It was a place that I felt like when I started there, I just gelled immediately. And it's the type of thing, when you're in this field, that doesn't come about a whole lot," Viera said.
#viera
Casey Viera, who spent about three and a half years with local CBS affiliate KENS 5, announced on social media on Thursday, October 29, that he'll be making a comeback in San Antonio.
"Happy to share I've returned back to KENS5 as a Sports Anchor," Viera wrote in a post on X. "Thrilled to be back to make more memories in such an exciting time in San Antonio with a place that's given me some of the best times of my career."
According to LinkedIn, Viera was with KENS 5 from January 2022 until May 2025, where viewers saw anchored the 6 and 10 p.m. sportscasts. Viera told MySA his contract with the station timed out amid TEGNA's merger with Nexstar Media Group, though he never wanted to leave because it's the "best newsroom I've ever worked in."
"It was a place that I felt like when I started there, I just gelled immediately. And it's the type of thing, when you're in this field, that doesn't come about a whole lot," Viera said.
#viera
26 days ago
Paramount completed its $111bn acquisition of Warner Bros Discovery on Tuesday, consolidating some of the world's most recognizable studios and news outlets after a bidding war with Netflix and months of legal turmoil.
The new company, now called Skydance, will have David Ellison, the son of a billionaire tech mogul, at its helm, with the former CEO of Mattel, Ynon Kreiz, as co-executive. They will oversee Paramount and Warner Bros' movie studios, HBO Max, CBS News and CNN.
"Today is a historic day, not just for Skydance but for our entire industry," Ellison said in a statement. "From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources, and reach to tell great stories in every genre, on every platform, for audiences everywhere. Now that ambition is a reality."
The consolidation of Paramount and Warner Bros combines two of the last five legacy studios in Hollywood, which includes Disney, Universal Pictures and Sony Pictures.
Though the merger was approved in June, California, New York and 10 other states sued Paramount over concerns that the move would "extinguish" competition and lead to fewer movie theaters in theaters and at home.
#studios #ellison
The new company, now called Skydance, will have David Ellison, the son of a billionaire tech mogul, at its helm, with the former CEO of Mattel, Ynon Kreiz, as co-executive. They will oversee Paramount and Warner Bros' movie studios, HBO Max, CBS News and CNN.
"Today is a historic day, not just for Skydance but for our entire industry," Ellison said in a statement. "From the start, our ambition was to bring these two storied studios together and create a stronger competitor, with the talent, resources, and reach to tell great stories in every genre, on every platform, for audiences everywhere. Now that ambition is a reality."
The consolidation of Paramount and Warner Bros combines two of the last five legacy studios in Hollywood, which includes Disney, Universal Pictures and Sony Pictures.
Though the merger was approved in June, California, New York and 10 other states sued Paramount over concerns that the move would "extinguish" competition and lead to fewer movie theaters in theaters and at home.
#studios #ellison
26 days ago
Paramount closed its $81 billion (€72bn) purchase of Warner Bros. Discovery, the companies announced on Tuesday, forming a new Hollywood giant called Skydance.
The merger brings HBO Max, films ranging from "Harry Potter" to "Sinners", and networks including CNN under the same roof as Paramount+, CBS and ******* les such as "Top Gun" and "The Godfather".
"Today is a historic day, not just for Skydance but for our entire industry," CEO David Ellison said in a statement.
The deal further concentrates power in an industry already run by just a handful of major players. Ellison's Skydance bought Paramount in an $8bn (€7.1bn) deal last year, and set its sights on Warner soon afterwards.
What followed was a tumultuous, yearlong fight over Warner's fate. Including billions of dollars in debt, Paramount's buyout of Warner amounts to nearly $111bn (€98.6bn).
#paramount #including #deal
The merger brings HBO Max, films ranging from "Harry Potter" to "Sinners", and networks including CNN under the same roof as Paramount+, CBS and ******* les such as "Top Gun" and "The Godfather".
"Today is a historic day, not just for Skydance but for our entire industry," CEO David Ellison said in a statement.
The deal further concentrates power in an industry already run by just a handful of major players. Ellison's Skydance bought Paramount in an $8bn (€7.1bn) deal last year, and set its sights on Warner soon afterwards.
What followed was a tumultuous, yearlong fight over Warner's fate. Including billions of dollars in debt, Paramount's buyout of Warner amounts to nearly $111bn (€98.6bn).
#paramount #including #deal
26 days ago
The $110 billion merger of Paramount Skydance and Warner Bros. Discovery closed on Tuesday after Supreme Court Justice Elena Kagan denied a last-minute effort to halt the deal.
The new company — known as Skydance (SKYD)— brings the HBO Max and Paramount+ streaming services under one umbrella, roughly seven months after Paramount won a long bidding war with Netflix (NFLX) for Warner Bros.
The merger faced plenty of pushback and a long road to closing.
"The completed transaction unites two of media and entertainment's most storied companies, each with a history spanning more than a century, giving the combined business a rare legacy to build on," Skydance stated in a press release. "The aim of the combined company is to build the next-generation global media and entertainment company powered by creativity and technology."
The company's entertainment franchises span "Sopranos" to "SpongeBob SquarePants" and "Euphoria" to "Harry Potter." The portfolio also encompasses television networks CBS, CBS News, CBS Sports, CNN, TNT, TBS, Nickelodeon, and MTV, among others.
#build
The new company — known as Skydance (SKYD)— brings the HBO Max and Paramount+ streaming services under one umbrella, roughly seven months after Paramount won a long bidding war with Netflix (NFLX) for Warner Bros.
The merger faced plenty of pushback and a long road to closing.
"The completed transaction unites two of media and entertainment's most storied companies, each with a history spanning more than a century, giving the combined business a rare legacy to build on," Skydance stated in a press release. "The aim of the combined company is to build the next-generation global media and entertainment company powered by creativity and technology."
The company's entertainment franchises span "Sopranos" to "SpongeBob SquarePants" and "Euphoria" to "Harry Potter." The portfolio also encompasses television networks CBS, CBS News, CBS Sports, CNN, TNT, TBS, Nickelodeon, and MTV, among others.
#build
1 month ago
On September 9, 2026, Independence Realty Trust, Inc. (NYSE:IRT) and Centerspace announced a definitive all-stock merger agreement. It creates a combined middle-market apartment REIT with a pro forma equity market capitalization of about $5.0 billion and a total enterprise value of approximately $8.1 billion, encompassing more than 44,000 units.
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
1 month ago
On September 8, 2026, Reuters reported that Paramount Skydance Corporation (NASDAQ:PSKY) said California Attorney General Rob Bonta made television statements that contradict his own legal arguments against Paramount's request for a $1.88 billion bond in the ongoing court fight over its roughly $110 billion acquisition of Warner Bros. Discovery, Inc. (NASDAQ:WBD).
Bonta's office has argued the bond is unnecessary because Paramount voluntarily agreed to pause the deal's closing rather than wait for a court injunction. But Paramount described that same pause as equivalent to an injunction in media interviews, which it argues legally requires the states to post a bond under antitrust law. A hearing is scheduled for September 24.
Paramount Skydance Corporation (NASDAQ:PSKY) could protect a significant portion of its financial position if the court grants its $1.88 billion bond request. Paramount says the delay could cost it about $1.3 billion in fees to Warner Bros. Discovery shareholders by the time the case concludes in April 2027. A bond would give Paramount a potential path to recover those losses if it ultimately defeats the states' challenge. It reduces the financial damage from a prolonged legal process.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is receiving financial protection from the transaction's delay through Paramount's ticking fees. Paramount agreed to pay WBD shareholders approximately $7 million per day starting October 1 if the transaction does not close, creating a growing payment obligation for Paramount. It is also providing WBD shareholders with compensation for waiting. The arrangement gives WBD a financial benefit from the prolonged closing process even as the companies await a final legal resolution.
The legal dispute has not eliminated the strategic rationale for combining the two media companies. Paramount argues that the merger would strengthen the film and television industry and lead to more content while giving the combined company greater scale to compete with Netflix and Disney. For Paramount, completing the acquisition would speed up David Ellison's plan to build a larger media competitor. WBD shareholders would receive the transaction consideration rather than remain exposed to the company's standalone turnaround.
#paramount
Bonta's office has argued the bond is unnecessary because Paramount voluntarily agreed to pause the deal's closing rather than wait for a court injunction. But Paramount described that same pause as equivalent to an injunction in media interviews, which it argues legally requires the states to post a bond under antitrust law. A hearing is scheduled for September 24.
Paramount Skydance Corporation (NASDAQ:PSKY) could protect a significant portion of its financial position if the court grants its $1.88 billion bond request. Paramount says the delay could cost it about $1.3 billion in fees to Warner Bros. Discovery shareholders by the time the case concludes in April 2027. A bond would give Paramount a potential path to recover those losses if it ultimately defeats the states' challenge. It reduces the financial damage from a prolonged legal process.
Warner Bros. Discovery, Inc. (NASDAQ:WBD) is receiving financial protection from the transaction's delay through Paramount's ticking fees. Paramount agreed to pay WBD shareholders approximately $7 million per day starting October 1 if the transaction does not close, creating a growing payment obligation for Paramount. It is also providing WBD shareholders with compensation for waiting. The arrangement gives WBD a financial benefit from the prolonged closing process even as the companies await a final legal resolution.
The legal dispute has not eliminated the strategic rationale for combining the two media companies. Paramount argues that the merger would strengthen the film and television industry and lead to more content while giving the combined company greater scale to compete with Netflix and Disney. For Paramount, completing the acquisition would speed up David Ellison's plan to build a larger media competitor. WBD shareholders would receive the transaction consideration rather than remain exposed to the company's standalone turnaround.
#paramount
1 month ago
California Resources Corporation (NYSE:CRC) announced on September 17 that it had agreed to sell its Uinta Basin **** ets, located mostly in Utah and Colorado, to an undisclosed buyer for $90 million in cash. The company had come to own the Uinta **** ets, which span about 100,000 net acres, after it acquired Berry Corp last year. However, CRC considered them non-core to its operations. The net proceeds from the sale will be used for shareholder returns and other corporate purposes.
Francisco Leon, President and CEO of California Resources Corporation, commented:
"Today's transaction strengthens our business. The monetization of our Uinta Basin **** ets sharpens our focus on California and captures additional value from the Berry merger. This transaction enhances our capital allocation flexibility, allowing us to invest in higher-return opportunities within the Golden State and supports our shareholder return strategy. The sale also helps offset the purchase price of our recent midstream transaction."
The transaction is expected to close by year-end, subject to the receipt of certain third-party consents and other customary conditions.
The sale will allow CRC to redeploy the $90 million toward **** ets that are central to its operating strategy while avoiding additional capital commitments to Uinta. The company already stated in its Q2 earnings call that Uinta has higher capital intensity, higher break-evens, lower crude quality, higher transportation and operating costs, and steeper declines. Therefore, the sale removes a portfolio distraction at a time when CRC is concentrating investment in California infrastructure and production.
#uinta #assets #transaction #capital
Francisco Leon, President and CEO of California Resources Corporation, commented:
"Today's transaction strengthens our business. The monetization of our Uinta Basin **** ets sharpens our focus on California and captures additional value from the Berry merger. This transaction enhances our capital allocation flexibility, allowing us to invest in higher-return opportunities within the Golden State and supports our shareholder return strategy. The sale also helps offset the purchase price of our recent midstream transaction."
The transaction is expected to close by year-end, subject to the receipt of certain third-party consents and other customary conditions.
The sale will allow CRC to redeploy the $90 million toward **** ets that are central to its operating strategy while avoiding additional capital commitments to Uinta. The company already stated in its Q2 earnings call that Uinta has higher capital intensity, higher break-evens, lower crude quality, higher transportation and operating costs, and steeper declines. Therefore, the sale removes a portfolio distraction at a time when CRC is concentrating investment in California infrastructure and production.
#uinta #assets #transaction #capital
1 month ago
On September 14, NextEra Energy, Inc. (NYSE:NEE) and Dominion Energy, Inc. (NYSE:D) announced a "transformational" Virginia benefits package to address concerns regarding their proposed $66.8 billion merger. The Virginia supplier program, worth up to $1 billion annually for five years, will direct spending toward contractors, suppliers, and service providers in the state.
Additionally, the companies also proposed doubling residential bill credits to four years, protecting retail customers from grid costs tied to Northern Virginia's rapidly expanding AI data centers, and committing $100 million toward directly supporting workforce development in the Commonwealth. NextEra also stated that it plans to add 600 new energy jobs in Virginia, while expecting suppliers to create another 400 positions.
The updated package comes after the proposed merger attracted a great deal of political scrutiny due to the impact it can have on everyday consumers. Virginia Governor Abigail Spanberger also stated last month that she would formally intervene in the regulatory review to press for commitments on electric bill affordability, job protections, and clean-energy investments.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"This is a Virginia-first package, and it starts with customers. We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial ******* istance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General ******* embly's efforts to protect residential and small business customers from costs ******* ociated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible."
#energy #years #Jobs
Additionally, the companies also proposed doubling residential bill credits to four years, protecting retail customers from grid costs tied to Northern Virginia's rapidly expanding AI data centers, and committing $100 million toward directly supporting workforce development in the Commonwealth. NextEra also stated that it plans to add 600 new energy jobs in Virginia, while expecting suppliers to create another 400 positions.
The updated package comes after the proposed merger attracted a great deal of political scrutiny due to the impact it can have on everyday consumers. Virginia Governor Abigail Spanberger also stated last month that she would formally intervene in the regulatory review to press for commitments on electric bill affordability, job protections, and clean-energy investments.
John Ketchum, Chairman, President, and CEO of NextEra Energy, commented:
"This is a Virginia-first package, and it starts with customers. We are proposing to double residential bill relief from two years to four years, along with expanded low-income financial ******* istance and long-term affordability benefits. We are also reaffirming our support for the State Corporation Commission, Governor and General ******* embly's efforts to protect residential and small business customers from costs ******* ociated with serving data centers. Just as important, this package would help Virginia build more of the clean energy and infrastructure it needs faster, so the Commonwealth can reduce its reliance on expensive imported power. And it would do that while positioning Virginia as a major energy leader, bringing NextEra Energy jobs, good-paying supplier jobs, workforce investment, economic development and national-scale energy technology and innovation to Virginia. This is the kind of customer-focused, job-creating package this combination makes possible."
#energy #years #Jobs
1 month ago
NextEra Energy, Inc. (NYSE:NEE) has outlined its growth targets for 2026 and beyond. This comes as the company advances plans to acquire Dominion Energy Inc (NYSE:D). It's a $67 billion all-stock transaction expected to close before the end of next year. If the merger is completed as expected, it would result in the largest US electricity producer.
NextEra's business is already growing, and Dominion is expected to increase the growth rate. The deal's promise is exciting, but its value to investors ultimately depends on NextEra securing regulatory approvals and successfully integrating Dominion ***** ets.
NextEra Energy, Inc. (NYSE:NEE) has reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and said it was targeting the high end of that range. NextEra also said it expects adjusted EPS to grow at a compound annual rate of at least 8% through 2032 and is targeting the same growth rate through 2035, off the 2025 base.
NextEra also plans to continue rewarding its shareholders with higher dividends. The company expects its dividend per share to grow at a roughly 10% annual rate through 2026, off the 2024 base. It expects the dividend to grow 6% a year through 2028 from the 2026 base.
The EPS and dividend growth projections give investors a financial foundation for evaluating the Dominion deal. NextEra does not need Dominion simply to prevent a growth slowdown. Instead, it's looking to add another growth engine through the acquisition.
#dominion #rate
NextEra's business is already growing, and Dominion is expected to increase the growth rate. The deal's promise is exciting, but its value to investors ultimately depends on NextEra securing regulatory approvals and successfully integrating Dominion ***** ets.
NextEra Energy, Inc. (NYSE:NEE) has reaffirmed its 2026 adjusted EPS guidance of $3.92 to $4.02 and said it was targeting the high end of that range. NextEra also said it expects adjusted EPS to grow at a compound annual rate of at least 8% through 2032 and is targeting the same growth rate through 2035, off the 2025 base.
NextEra also plans to continue rewarding its shareholders with higher dividends. The company expects its dividend per share to grow at a roughly 10% annual rate through 2026, off the 2024 base. It expects the dividend to grow 6% a year through 2028 from the 2026 base.
The EPS and dividend growth projections give investors a financial foundation for evaluating the Dominion deal. NextEra does not need Dominion simply to prevent a growth slowdown. Instead, it's looking to add another growth engine through the acquisition.
#dominion #rate
1 month ago
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Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
Ripple-backed XRP treasury company Evernorth Holdings has lined up $30 million in new financing as it prepares to go public through a merger with Armada Acquisition Corp. II (NASDAQ:XRPN).
The deal would bring Evernorth onto Nasdaq under the XRPN ticker, giving public-market investors exposure to a company built around accumulating XRP (CRYPTO: XRP) and deploying it across the XRP ecosystem.
Evernorth said the new financing may be used to buy more XRP and fund other ecosystem investments. The $30 million arrives when the merger closes, which the company expects in the fourth quarter.
Evernorth and an affiliate held 473.1 million XRP at the end of 2025. At around $1.38 per token, $30 million would buy roughly another 21.7 million XRP, or less than 5% of that existing position.
#financing #merger
1 month ago
Fox Corporation (NASDAQ:FOXA) disclosed on September 9 that the U.S. Department of Justice issued a second request for information concerning the proposed acquisition of Roku, Inc. (NASDAQ:ROKU). Cooperation with the review continues, and the expected closing remains in the first half of 2027, according to The Wall Street Journal.
A second request extends the premerger waiting period while regulators seek additional documents and data. For investors, the question is whether Fox Corporation (NASDAQ:FOXA) can preserve the acquisition's streaming benefits through a potentially longer review and any conditions attached to clearance.
The strategic fit centers on combining content with distribution. Roku, Inc. (NASDAQ:ROKU) reaches more than 100 million households globally and would provide Fox Corporation (NASDAQ:FOXA) with an established connected-television platform, advertising technology and direct consumer relationships.
That reach could create additional opportunities to promote live news, sports and streaming services. For advertisers, a broader combination of content, audience data and campaign tools could make the combined offering more useful, provided integration improves targeting and measurement.
The commercial opportunity also extends beyond audience growth. Better advertising monetization and more efficient promotion of streaming services could improve the value generated from existing viewers. Household reach provides the starting point; advertising revenue, engagement and customer acquisition costs would determine the financial payoff.
#advertising #second #request #review
A second request extends the premerger waiting period while regulators seek additional documents and data. For investors, the question is whether Fox Corporation (NASDAQ:FOXA) can preserve the acquisition's streaming benefits through a potentially longer review and any conditions attached to clearance.
The strategic fit centers on combining content with distribution. Roku, Inc. (NASDAQ:ROKU) reaches more than 100 million households globally and would provide Fox Corporation (NASDAQ:FOXA) with an established connected-television platform, advertising technology and direct consumer relationships.
That reach could create additional opportunities to promote live news, sports and streaming services. For advertisers, a broader combination of content, audience data and campaign tools could make the combined offering more useful, provided integration improves targeting and measurement.
The commercial opportunity also extends beyond audience growth. Better advertising monetization and more efficient promotion of streaming services could improve the value generated from existing viewers. Household reach provides the starting point; advertising revenue, engagement and customer acquisition costs would determine the financial payoff.
#advertising #second #request #review
1 month ago
Union Pacific Corp (NYSE:UNP, XETRA:UNP) received a UBS upgrade to Buy from Neutral as the broker forecast stronger 2027 growth, excluding potential NSC merger benefits from its base case.
UBS raised its price target from $310 to $339, applying an unchanged multiple of 21 times its 2028 earnings forecast of $16.15 per share.
The bank expects intermodal volumes to grow 6% to 7% in 2027, citing current volume momentum and the relationship between intermodal performance and truckload pricing cycles.
Alongside industrial growth and a roughly neutral contribution from coal and grain, those intermodal gains underpin UBS's forecast for 3.5% total volume growth in 2027.
Low inventories should support steel shipments, while elevated energy prices should sustain petroleum and products volumes, the broker said.
#volume #union #pacific #corp
UBS raised its price target from $310 to $339, applying an unchanged multiple of 21 times its 2028 earnings forecast of $16.15 per share.
The bank expects intermodal volumes to grow 6% to 7% in 2027, citing current volume momentum and the relationship between intermodal performance and truckload pricing cycles.
Alongside industrial growth and a roughly neutral contribution from coal and grain, those intermodal gains underpin UBS's forecast for 3.5% total volume growth in 2027.
Low inventories should support steel shipments, while elevated energy prices should sustain petroleum and products volumes, the broker said.
#volume #union #pacific #corp
1 month ago
Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company. It's a deal that could raise more than $300 million for May Mobility at a valuation of $1.4 billion, the company said Wednesday.
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
1 month ago
Self-driving tech company May Mobility has reached a deal to go public via a merger with a **** affiliated with Atlas Credit Partners.
Why it matters: The deal is a test of public-market appetite for autonomous vehicle companies, with May pitching investors on a relatively capital-light alternative to the fleet-owning robotaxi model.
Driving the news: The transaction with ACP Holdings Acquisition Corp. implies a $1.4 billion pro forma enterprise value and could provide the Ann Arbor, Mich.-based AV startup with up to $337 million in gross proceeds.
That includes $217 million from the **** 's trust, **** uming no redemptions, plus a $120 million fully committed from private investors through a so-called PIPE financing.
An Atlas Credit Partners affiliate is co-anchoring the PIPE.
#driving #deal
Why it matters: The deal is a test of public-market appetite for autonomous vehicle companies, with May pitching investors on a relatively capital-light alternative to the fleet-owning robotaxi model.
Driving the news: The transaction with ACP Holdings Acquisition Corp. implies a $1.4 billion pro forma enterprise value and could provide the Ann Arbor, Mich.-based AV startup with up to $337 million in gross proceeds.
That includes $217 million from the **** 's trust, **** uming no redemptions, plus a $120 million fully committed from private investors through a so-called PIPE financing.
An Atlas Credit Partners affiliate is co-anchoring the PIPE.
#driving #deal
1 month ago
Interested in Macy's, Inc.? Here are five stocks we like better.
Macy's said its "A Bold New Chapter" strategy is driving results, with Reimagine stores posting sales growth in nine of the past 10 quarters, five consecutive quarters of Macy's banner growth and a 10-point improvement in store customer-satisfaction scores.
The Reimagine program now covers about 60% of Macy's stores and 75% of its store business, while Bloomingdale's remains a major growth engine after delivering double-digit growth in each of the final two quarters of 2025.
Macy's raised its full-year EPS outlook to $2.15–$2.35 from $1.90–$2.10, but executives expect a choppy consumer environment and moderating price growth as tariff-related inflation effects fade.
SM Energy's Civitas Merger Is Paying Off, But the Stock's Run Raises the Bar
#interested #chapter
Macy's said its "A Bold New Chapter" strategy is driving results, with Reimagine stores posting sales growth in nine of the past 10 quarters, five consecutive quarters of Macy's banner growth and a 10-point improvement in store customer-satisfaction scores.
The Reimagine program now covers about 60% of Macy's stores and 75% of its store business, while Bloomingdale's remains a major growth engine after delivering double-digit growth in each of the final two quarters of 2025.
Macy's raised its full-year EPS outlook to $2.15–$2.35 from $1.90–$2.10, but executives expect a choppy consumer environment and moderating price growth as tariff-related inflation effects fade.
SM Energy's Civitas Merger Is Paying Off, But the Stock's Run Raises the Bar
#interested #chapter
2 months ago
HIVE Digital Technologies (Nasdaq: HIVE), a Canada-based Bitcoin miner and data center operator, has appointed Hubert Marleau as an independent director at BUZZ HPC.
The company, which trades on the Nasdaq and Toronto Stock Exchange, said Marleau will serve on the board of its wholly owned AI cloud and high-performance computing subsidiary.
Marleau brings more than 50 years of experience in Canadian capital markets. He co-founded Palos Capital Corp. and Palos Management Inc. and has served as governor of both the Montreal and Vancouver stock exchanges, chairman of the Toronto Stock Exchange Listing Committee, and a director of the Investment Dealers ******* ociation of Canada.
Related: Dogecoin co-founder mocks Trump's $5,000 dividend plan
During his five-decade-long career, he has sat on the boards of more than 50 publicly traded companies in Canada and the United States and advised on numerous mergers, acquisitions, and financings, according to the company.
#canada #marleau #palos
The company, which trades on the Nasdaq and Toronto Stock Exchange, said Marleau will serve on the board of its wholly owned AI cloud and high-performance computing subsidiary.
Marleau brings more than 50 years of experience in Canadian capital markets. He co-founded Palos Capital Corp. and Palos Management Inc. and has served as governor of both the Montreal and Vancouver stock exchanges, chairman of the Toronto Stock Exchange Listing Committee, and a director of the Investment Dealers ******* ociation of Canada.
Related: Dogecoin co-founder mocks Trump's $5,000 dividend plan
During his five-decade-long career, he has sat on the boards of more than 50 publicly traded companies in Canada and the United States and advised on numerous mergers, acquisitions, and financings, according to the company.
#canada #marleau #palos
2 months ago
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the appointment of renowned capital markets executive Hubert Marleau as an Independent Director of HIVE's wholly owned subsidiary, BUZZ High Performance Computing (BUZZ HPC), a move designed to strengthen governance and strategic oversight as the company expands its sovereign AI infrastructure platform across Canada.
Daubaras said Marleau's appointment brings an exceptional level of experience in capital markets, corporate governance and strategic growth at a pivotal time for BUZZ HPC. As demand for artificial intelligence infrastructure continues to accelerate globally, HIVE is positioning BUZZ HPC as a key provider of sovereign AI computing solutions, and management believes Marleau's expertise will help guide the business through its next phase of expansion.
Marleau has spent more than five decades working across North American capital markets and is widely recognized as one of Canada's most experienced investment and governance professionals. His career spans investment banking, ******* et management, corporate finance and public company leadership, giving him a unique perspective on scaling businesses, raising capital and creating shareholder value.
A co-founder of Palos Capital Corp. and Palos Management Inc., Marleau has held influential leadership positions throughout Canada's financial sector. His extensive resume includes serving as a Governor of both the Montreal and Vancouver stock exchanges, Chairman of the Toronto Stock Exchange Listing Committee and a director of the Investment Dealers ******* ociation of Canada, now known as IIROC.
Over the course of his distinguished career, Marleau has served as a current or former director of more than 50 publicly traded companies in Canada and the United States. He has also played a key role in raising both public and private capital for hundreds of issuers and has advised on numerous mergers, acquisitions and financing transactions across a wide range of industries.
#canada #across
Daubaras said Marleau's appointment brings an exceptional level of experience in capital markets, corporate governance and strategic growth at a pivotal time for BUZZ HPC. As demand for artificial intelligence infrastructure continues to accelerate globally, HIVE is positioning BUZZ HPC as a key provider of sovereign AI computing solutions, and management believes Marleau's expertise will help guide the business through its next phase of expansion.
Marleau has spent more than five decades working across North American capital markets and is widely recognized as one of Canada's most experienced investment and governance professionals. His career spans investment banking, ******* et management, corporate finance and public company leadership, giving him a unique perspective on scaling businesses, raising capital and creating shareholder value.
A co-founder of Palos Capital Corp. and Palos Management Inc., Marleau has held influential leadership positions throughout Canada's financial sector. His extensive resume includes serving as a Governor of both the Montreal and Vancouver stock exchanges, Chairman of the Toronto Stock Exchange Listing Committee and a director of the Investment Dealers ******* ociation of Canada, now known as IIROC.
Over the course of his distinguished career, Marleau has served as a current or former director of more than 50 publicly traded companies in Canada and the United States. He has also played a key role in raising both public and private capital for hundreds of issuers and has advised on numerous mergers, acquisitions and financing transactions across a wide range of industries.
#canada #across
2 months ago
Elon Musk once again hinted at a possible deepening of collaboration, perhaps even a merger, between his two major companies: Tesla (TSLA) and ****** eX (SPCX).
Speaking at the All-In Summit last night, Musk said it was a great question whether the two companies would remain separate despite several avenues for collaboration.
"With all this collaboration, on so many levels, who can imagine what action one might take when there's so much close collaboration in so many areas," he said.
Yahoo Finance reached out to ****** eX regarding Musk's comments about a possible merger but did not immediately hear back.
#musk #elon
Speaking at the All-In Summit last night, Musk said it was a great question whether the two companies would remain separate despite several avenues for collaboration.
"With all this collaboration, on so many levels, who can imagine what action one might take when there's so much close collaboration in so many areas," he said.
Yahoo Finance reached out to ****** eX regarding Musk's comments about a possible merger but did not immediately hear back.
#musk #elon
2 months ago
Elon Musk once again hinted at a possible deepening of collaboration, perhaps even a merger, between his two major companies: Tesla (TSLA) and ****** eX (SPCX).
Speaking at the All-In Summit last night, Musk said it was a great question whether the two companies would remain separate despite several avenues for collaboration.
"With all this collaboration, on so many levels, who can imagine what action one might take when there's so much close collaboration in so many areas," he said.
Yahoo Finance reached out to ****** eX regarding Musk's comments about a possible merger but did not immediately hear back.
It's not the first time Musk has spoken of this possibility. Reports suggested he had openly discussed the possibility of a merger between the two companies prior to ****** eX's June IPO.
#possibility #elon
Speaking at the All-In Summit last night, Musk said it was a great question whether the two companies would remain separate despite several avenues for collaboration.
"With all this collaboration, on so many levels, who can imagine what action one might take when there's so much close collaboration in so many areas," he said.
Yahoo Finance reached out to ****** eX regarding Musk's comments about a possible merger but did not immediately hear back.
It's not the first time Musk has spoken of this possibility. Reports suggested he had openly discussed the possibility of a merger between the two companies prior to ****** eX's June IPO.
#possibility #elon
2 months ago
On August 5, Clear Channel Outdoor Holdings Inc. (NYSE:CCO) reported second-quarter results that showed the billboard and airport advertising company accelerating just as it prepares to leave the public markets. On February 9, Clear Channel agreed to be acquired by an investor consortium advised by Mubadala Capital for $2.43 per share, a deal stockholders approved on May 12, and one expected to close by the end of the third quarter of 2026. Because of the pending Merger, Clear Channel skipped its usual earnings call and offered no forward guidance.
Consolidated revenue climbed 8.7% to $438.0 million in the quarter and 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both of Clear Channel's segments. The America division, which houses the roadside billboard and street furniture business, grew revenue 7% to $324.3 million as demand from technology advertisers in the San Francisco/Bay Area market broadened out and digital billboard revenue rose 7.2% to $122 million. Airports revenue jumped 14% to $113.6 million, helped by strong demand at San Francisco
International Airport and digital sales that climbed 15.6% to $73.4 million, with national advertisers now accounting for 57.8% of that segment's revenue. Profitability grew even faster than the top line. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, while Airports Segment Adjusted EBITDA jumped 22.8% to $29.9 million. Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter, and for the first half it went from just $5 million a year ago to $51.5 million. On August 4, Clear Channel also closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.
The growth did not reach the bottom line. Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, and the consolidated net loss came to $5 million versus net income of $10.6 million in the same period of 2025. Over six months, the loss from continuing operations widened 21.4% to $59.4 million. Costs rose alongside revenue. Direct operating and SG&A expenses increased 5.9% for the quarter, and Airports site lease expense alone jumped 12.0% to $67.1 million on higher minimum guaranteed payments and the renewed contract with the Metropolitan Washington Airports Authority.
#channel #revenue #airports #operations
Consolidated revenue climbed 8.7% to $438.0 million in the quarter and 10.2% to $811.9 million over the first half, with the 2026 FIFA World Cup pulling in extra advertising spend across both of Clear Channel's segments. The America division, which houses the roadside billboard and street furniture business, grew revenue 7% to $324.3 million as demand from technology advertisers in the San Francisco/Bay Area market broadened out and digital billboard revenue rose 7.2% to $122 million. Airports revenue jumped 14% to $113.6 million, helped by strong demand at San Francisco
International Airport and digital sales that climbed 15.6% to $73.4 million, with national advertisers now accounting for 57.8% of that segment's revenue. Profitability grew even faster than the top line. Adjusted EBITDA rose 11.6% to $143.4 million for the quarter and 19% to $247.3 million for the first half, while Airports Segment Adjusted EBITDA jumped 22.8% to $29.9 million. Adjusted Funds From Operations climbed 61.6% to $44.9 million in the quarter, and for the first half it went from just $5 million a year ago to $51.5 million. On August 4, Clear Channel also closed the sale of its Spain business for about $132.3 million, proceeds it plans to put toward paying down debt.
The growth did not reach the bottom line. Clear Channel posted a loss from continuing operations of $10 million in the quarter, reversing a $6.3 million profit a year earlier, and the consolidated net loss came to $5 million versus net income of $10.6 million in the same period of 2025. Over six months, the loss from continuing operations widened 21.4% to $59.4 million. Costs rose alongside revenue. Direct operating and SG&A expenses increased 5.9% for the quarter, and Airports site lease expense alone jumped 12.0% to $67.1 million on higher minimum guaranteed payments and the renewed contract with the Metropolitan Washington Airports Authority.
#channel #revenue #airports #operations
2 months ago
Sept 14 (Reuters) - Dominion Energy and NextEra Energy on Monday said they would establish a Virginia supplier program worth up to $1 billion annually for five years if their proposed merger is approved.
They announced merger plans in May, as rising power demand from data centers, electric vehicles and other industries drives a renewed wave of utility consolidation.
• NextEra and Dominion said the new program would direct spending toward contractors, suppliers and service providers in Virginia.
• They proposed extending monthly $10 bill credits to four years from two and increasing Dominion's low-income financial ***** istance by $100 million through 2038.
• The commitments include a $100 million workforce development fund, an annual energy summit in the state and maintaining the current employee headcount there for five years.
#energy #nextera #merger
They announced merger plans in May, as rising power demand from data centers, electric vehicles and other industries drives a renewed wave of utility consolidation.
• NextEra and Dominion said the new program would direct spending toward contractors, suppliers and service providers in Virginia.
• They proposed extending monthly $10 bill credits to four years from two and increasing Dominion's low-income financial ***** istance by $100 million through 2038.
• The commitments include a $100 million workforce development fund, an annual energy summit in the state and maintaining the current employee headcount there for five years.
#energy #nextera #merger
2 months ago
SWKS surged 27% in a month to $88.35, now trading above its $68.35 consensus ****** yst target with most ****** ysts rating it Hold or worse.
The Qorvo merger could unlock $500M+ in synergies, but a regulatory delay leaves Skyworks holding $2B in new debt against shrinking revenue.
At 46x trailing P/E with 14 downward EPS revisions and the CFO selling into the rally, momentum is doing all the heavy lifting.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Skyworks Solutions didn't make the cut. Enter your email to see the names that beat SWKS. The report is free. Enter your email and see if any of your stocks made the cut.
At $88.35, Skyworks Solutions (NASDAQ:SWKS) is a Hold. The stock has ripped past its consensus ****** yst price target of $68.35, and with a pending merger, a fresh capital allocation framework, and a mixed fundamental picture, the case for chasing here is as thin as the case for stepping in front of the momentum.
#skyworks #solutions #analyst #target
The Qorvo merger could unlock $500M+ in synergies, but a regulatory delay leaves Skyworks holding $2B in new debt against shrinking revenue.
At 46x trailing P/E with 14 downward EPS revisions and the CFO selling into the rally, momentum is doing all the heavy lifting.
Just released. Our ****** ysts combed the entire stock market and named the ten best stocks to buy right now, and Skyworks Solutions didn't make the cut. Enter your email to see the names that beat SWKS. The report is free. Enter your email and see if any of your stocks made the cut.
At $88.35, Skyworks Solutions (NASDAQ:SWKS) is a Hold. The stock has ripped past its consensus ****** yst price target of $68.35, and with a pending merger, a fresh capital allocation framework, and a mixed fundamental picture, the case for chasing here is as thin as the case for stepping in front of the momentum.
#skyworks #solutions #analyst #target
2 months ago
Skyworks Solutions (SWKS) shares rallied and printed a new 52-week high on Sept. 11 after chief executive Phil Brace said the pending merger with Qorvo has entered its final phases. As investors cheered the disclosure, SWKS's relative strength index (RSI) soared into the early 80s, indicating overbought conditions that often trigger profit-taking in the near term.
Including today's gains, Skyworks stock is up more than 50% versus its low in mid-July.
GME Stock Jumps as GameStop CEO Ryan Cohen Buys $20 Million Worth of Shares
Cathie Wood Just Bet $45 Million on This Beaten-Down ***** e Stock. Wall Street Sees 70% Upside.
Rocket Lab Stock Just Scored a New Bullish Rating
#swks
Including today's gains, Skyworks stock is up more than 50% versus its low in mid-July.
GME Stock Jumps as GameStop CEO Ryan Cohen Buys $20 Million Worth of Shares
Cathie Wood Just Bet $45 Million on This Beaten-Down ***** e Stock. Wall Street Sees 70% Upside.
Rocket Lab Stock Just Scored a New Bullish Rating
#swks
2 months ago
Oklo (NYSE: OKLO), a developer of microreactors for nuclear power plants, has been a divisive stock since its market debut. After going public through a merger with a special purpose acquisition company (SPAC) on May 10, 2024, Oklo started trading at $15.50 per share.
It soared to a record high of $174.14 on Oct. 14, 2025, but it now trades at about $43. Wall Street's average price target for the stock is about $75. Let's see why Oklo's stock went through so many wild swings -- and where I think it will actually end up by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Oklo's Aurora microreactor, which is much smaller than conventional nuclear reactors, only generates 1.5 MWe per unit. However, its modular design allows it to be deployed alongside additional reactors to generate up to 75 MWe per "Powerhouse" power plant. That's tiny compared to a conventional nuclear power plant, which typically generates at least 1,000 MWe, but Aurora's Powerhouse plants can be deployed on less land in remote, off-grid areas.
The Aurora also uses metallic uranium fuel pellets, which are denser, have higher thermal resistance, and are cheaper to produce than the uranium dioxide fuel pellets that power conventional reactors. By recycling its pellets in a closed loop, the Aurora can last for a decade without refueling. Conventional reactors are still refueled in stages every two years.
#conventional #reactors #signal
It soared to a record high of $174.14 on Oct. 14, 2025, but it now trades at about $43. Wall Street's average price target for the stock is about $75. Let's see why Oklo's stock went through so many wild swings -- and where I think it will actually end up by the end of 2026.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Oklo's Aurora microreactor, which is much smaller than conventional nuclear reactors, only generates 1.5 MWe per unit. However, its modular design allows it to be deployed alongside additional reactors to generate up to 75 MWe per "Powerhouse" power plant. That's tiny compared to a conventional nuclear power plant, which typically generates at least 1,000 MWe, but Aurora's Powerhouse plants can be deployed on less land in remote, off-grid areas.
The Aurora also uses metallic uranium fuel pellets, which are denser, have higher thermal resistance, and are cheaper to produce than the uranium dioxide fuel pellets that power conventional reactors. By recycling its pellets in a closed loop, the Aurora can last for a decade without refueling. Conventional reactors are still refueled in stages every two years.
#conventional #reactors #signal
2 months ago
Tyrone All-Ireland winner Conor Meyler said his concern over the planned merger of the GAA, Camogie ******* ociation and Ladies Gaelic Football ******* ociation [LGFA] is that the issue "is going to be thrown to the wayside again".
In February 2024, the three bodies announced plans to merge into one organisation by 2027.
However, in recent days, chairperson of the Steering Group Dr Mary McAleese stepped down, while a recent letter sent by the GAA's Integration Committee said it could no longer commit to that timeline.
"I don't doubt her [McAleese's] ability and leadership in any stretch," Meyler told BBC Sport NI's Mark Sidebottom.
"I just don't think she surrounded herself with the right board composition to actually get it done or she didn't have the power in the position to actually get things done within the three ******* ociations that she wanted and that's probably really disappointing because I know she was wholeheartedly going into this trying to make it happen.
#actually #tyrone
In February 2024, the three bodies announced plans to merge into one organisation by 2027.
However, in recent days, chairperson of the Steering Group Dr Mary McAleese stepped down, while a recent letter sent by the GAA's Integration Committee said it could no longer commit to that timeline.
"I don't doubt her [McAleese's] ability and leadership in any stretch," Meyler told BBC Sport NI's Mark Sidebottom.
"I just don't think she surrounded herself with the right board composition to actually get it done or she didn't have the power in the position to actually get things done within the three ******* ociations that she wanted and that's probably really disappointing because I know she was wholeheartedly going into this trying to make it happen.
#actually #tyrone
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2 months ago
Arcosa, Inc. (NYSE:ACA) shareholders approved the proposed acquisition by CRH plc (NYSE:CRH) on September 4. The merger agreement received 39,595,867 votes in favor, compared with 66,113 against and 16,786 abstentions. Approximately 39.7 million shares, representing 80.8% of shares outstanding as of the record date, were present or represented by proxy.
The vote satisfies a major condition for the all-cash transaction. CRH plc (NYSE:CRH) agreed to pay $150 per share, valuing Arcosa, Inc. (NYSE:ACA) at an enterprise value of approximately $8.5 billion. The companies continue to expect a first-quarter 2027 closing, subject to required regulatory approvals and other customary conditions.
CRH plc (NYSE:CRH) described the valuation as 11.5 times estimated 2026 adjusted EBITDA, a company-defined non-GAAP measure, including $175 million of targeted annual run-rate cost synergies expected by year three. CRH plc (NYSE:CRH) defines adjusted EBITDA as earnings from continuing operations before interest, taxes, depreciation, depletion and amortization, with exclusions for impairments, divestitures and investments, equity-method results, substantial acquisition costs and specified pension items.
The result removes the principal seller-side approval risk. The merger no longer depends on another shareholder meeting, and support was decisive among the shares represented. Financing appears less exposed than regulatory clearance: CRH plc (NYSE:CRH) plans to use available cash and committed debt financing, while completion is not subject to a financing condition.
The strategic rationale is tangible. Arcosa, Inc. (NYSE:ACA) would add 109 quarries and yards, nine asphalt plants, 19 terminals and approximately 35 million tons of 2025 aggregates shipments. CRH plc (NYSE:CRH) expects more than 265 million tons of combined annualized aggregates production. Arcosa, Inc. (NYSE:ACA) also brings engineered structures serving grid modernization, electrification and data-center construction.
#NYSE #represented
The vote satisfies a major condition for the all-cash transaction. CRH plc (NYSE:CRH) agreed to pay $150 per share, valuing Arcosa, Inc. (NYSE:ACA) at an enterprise value of approximately $8.5 billion. The companies continue to expect a first-quarter 2027 closing, subject to required regulatory approvals and other customary conditions.
CRH plc (NYSE:CRH) described the valuation as 11.5 times estimated 2026 adjusted EBITDA, a company-defined non-GAAP measure, including $175 million of targeted annual run-rate cost synergies expected by year three. CRH plc (NYSE:CRH) defines adjusted EBITDA as earnings from continuing operations before interest, taxes, depreciation, depletion and amortization, with exclusions for impairments, divestitures and investments, equity-method results, substantial acquisition costs and specified pension items.
The result removes the principal seller-side approval risk. The merger no longer depends on another shareholder meeting, and support was decisive among the shares represented. Financing appears less exposed than regulatory clearance: CRH plc (NYSE:CRH) plans to use available cash and committed debt financing, while completion is not subject to a financing condition.
The strategic rationale is tangible. Arcosa, Inc. (NYSE:ACA) would add 109 quarries and yards, nine asphalt plants, 19 terminals and approximately 35 million tons of 2025 aggregates shipments. CRH plc (NYSE:CRH) expects more than 265 million tons of combined annualized aggregates production. Arcosa, Inc. (NYSE:ACA) also brings engineered structures serving grid modernization, electrification and data-center construction.
#NYSE #represented
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2 months ago
SWKS surged 9% and QRVO gained 6% as CEO Phil Brace confirmed China's SAMR review hit its final phase, targeting a year-end close.
SOXX dropped 2% on the same session, isolating the rally as merger-arb repricing, with AAPL the largest customer for both companies post-merger.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Skyworks Solutions didn't make the cut. Enter your email to see the names that beat SWKS. The report is free. Enter your email and see if any of your stocks made the cut.
Shares of Skyworks Solutions (NASDAQ:SWKS) are up 10% to $84.24 in Thursday midday trade, while Qorvo (NASDAQ:QRVO) stock is climbing 6% to $111.49. The paired rally arrives on a session when the broader chip complex is red, which frames the move as merger-arb repricing driven by transaction odds.
The iShares Semiconductor ETF (NASDAQ:SOXX) is down 2%. Meanwhile, the Invesco QQQ Trust (NASDAQ:QQQ) is off 0.9%, so the divergence between the two RF names and the wider market isn't subtle.
#soxx #enter
SOXX dropped 2% on the same session, isolating the rally as merger-arb repricing, with AAPL the largest customer for both companies post-merger.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Skyworks Solutions didn't make the cut. Enter your email to see the names that beat SWKS. The report is free. Enter your email and see if any of your stocks made the cut.
Shares of Skyworks Solutions (NASDAQ:SWKS) are up 10% to $84.24 in Thursday midday trade, while Qorvo (NASDAQ:QRVO) stock is climbing 6% to $111.49. The paired rally arrives on a session when the broader chip complex is red, which frames the move as merger-arb repricing driven by transaction odds.
The iShares Semiconductor ETF (NASDAQ:SOXX) is down 2%. Meanwhile, the Invesco QQQ Trust (NASDAQ:QQQ) is off 0.9%, so the divergence between the two RF names and the wider market isn't subtle.
#soxx #enter
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2 months ago
On August 4, Essential Utilities (NYSE:WTRG) reported second-quarter results that read like two different stories stapled together. Revenue climbed, the dividend grew for the 36th time in 35 years, and the merger with American Water inched closer to the finish line. But earnings per share actually dipped from a year earlier, and the company had to strip out merger costs just to show flat profitability. For a utility this steady, that split is worth a closer look.
Essential's regulated water segment posted revenue of $357.5 million in the quarter, up 7.6% from $332.3 million a year earlier, and the whole company's first-half revenue climbed 7.2% to nearly $1.4 billion. Much of that growth came from rate cases: state regulators approved $43.9 million in new annual water revenue across Pennsylvania, Illinois, Ohio, North Carolina and Indiana, plus $12.7 million more for the gas business in Kentucky and Pennsylvania. Another $79.7 million in water rate requests and a $163.2 million gas case in Pennsylvania, tied to replacing aging pipelines, are still working through the process.
The company keeps buying its way into new customers, too. In May, it closed a $4.9 million wastewater deal in Bastrop County, Texas, and it has signed agreements worth roughly $282 million to add over 200,000 more customers in Pennsylvania, Texas, North Carolina and New Jersey, including the $276.5 million purchase of Philadelphia-area sewer authority DELCORA. Since 2015, acquisitions have added more than 138,000 customers to Essential's base.
Layer on the pending American Water merger, which cleared Virginia and Ohio regulators this year after nearly unanimous shareholder approval in February, and Essential is positioning itself as a much larger multi-state utility by early 2027. The board's decision to raise the dividend 5.25% to $0.3606 per share, continuing a streak of 36 increases over 35 years, signals confidence that this growth is durable.
Look past the top line and the picture gets less flattering. Second quarter net income actually fell to $105.7 million from $107.8 million a year ago, pulling GAAP earnings per share down to $0.37 from $0.38. Essential had to report an adjusted $0.38 figure just to exclude merger-related costs and show earnings roughly matching last year's. The slide is sharper over six months: net income dropped to $330.1 million, or $1.16 per share, from $391.6 million, or $1.41 per share, in the first half of 2025.
#water #pennsylvania
Essential's regulated water segment posted revenue of $357.5 million in the quarter, up 7.6% from $332.3 million a year earlier, and the whole company's first-half revenue climbed 7.2% to nearly $1.4 billion. Much of that growth came from rate cases: state regulators approved $43.9 million in new annual water revenue across Pennsylvania, Illinois, Ohio, North Carolina and Indiana, plus $12.7 million more for the gas business in Kentucky and Pennsylvania. Another $79.7 million in water rate requests and a $163.2 million gas case in Pennsylvania, tied to replacing aging pipelines, are still working through the process.
The company keeps buying its way into new customers, too. In May, it closed a $4.9 million wastewater deal in Bastrop County, Texas, and it has signed agreements worth roughly $282 million to add over 200,000 more customers in Pennsylvania, Texas, North Carolina and New Jersey, including the $276.5 million purchase of Philadelphia-area sewer authority DELCORA. Since 2015, acquisitions have added more than 138,000 customers to Essential's base.
Layer on the pending American Water merger, which cleared Virginia and Ohio regulators this year after nearly unanimous shareholder approval in February, and Essential is positioning itself as a much larger multi-state utility by early 2027. The board's decision to raise the dividend 5.25% to $0.3606 per share, continuing a streak of 36 increases over 35 years, signals confidence that this growth is durable.
Look past the top line and the picture gets less flattering. Second quarter net income actually fell to $105.7 million from $107.8 million a year ago, pulling GAAP earnings per share down to $0.37 from $0.38. Essential had to report an adjusted $0.38 figure just to exclude merger-related costs and show earnings roughly matching last year's. The slide is sharper over six months: net income dropped to $330.1 million, or $1.16 per share, from $391.6 million, or $1.41 per share, in the first half of 2025.
#water #pennsylvania
2 months ago
United Airlines Holdings, Inc. (NASDAQ:UAL) CEO Scott Kirby told CNBC he wants to expand United's presence at New York's John F. Kennedy International Airport, returning to the congested airport through a new partnership with JetBlue Airways, American's former partner, as early as next year.
Kirby said he is also preparing for how artificial intelligence will change the airline industry. CNBC reported that Kirby, who was fired by American Airlines a decade ago when he served as its president, has floated megamerger ideas with both Delta and American over the past year but has so far been rebuffed, with antitrust experts skeptical the combinations could happen. He said he remains uninterested in acquiring a smaller carrier. United currently ranks as the second most profitable U.S. airline behind Delta, with American a "distant third."
United Airlines Holdings, Inc. (NASDAQ:UAL) has a concrete opportunity to strengthen its position at JFK through its partnership with JetBlue. Re-entering one of the country's most valuable and slot-constrained airports would give United incremental access to a market where it has struggled to compete. The partnership could also weaken American's competitive position by pulling JetBlue away from its previous relationship with American.
United also has the financial strength to pursue an ambitious growth strategy. The airline ranks as the second-most profitable U.S. carrier behind Delta, giving CEO Scott Kirby greater flexibility to invest in network expansion, technology, and other long-term opportunities. That financial position gives United more room to pursue transformative moves without relying solely on defensive strategies.
Kirby's comments on M&A also suggest that United wants to pursue scale selectively rather than chase every available acquisition. He has expressed little interest in buying a smaller carrier while discussing the possibility of much larger combinations with Delta or American. That approach could help United focus its capital and management resources on deals that could materially strengthen its competitive position.
#kirby
Kirby said he is also preparing for how artificial intelligence will change the airline industry. CNBC reported that Kirby, who was fired by American Airlines a decade ago when he served as its president, has floated megamerger ideas with both Delta and American over the past year but has so far been rebuffed, with antitrust experts skeptical the combinations could happen. He said he remains uninterested in acquiring a smaller carrier. United currently ranks as the second most profitable U.S. airline behind Delta, with American a "distant third."
United Airlines Holdings, Inc. (NASDAQ:UAL) has a concrete opportunity to strengthen its position at JFK through its partnership with JetBlue. Re-entering one of the country's most valuable and slot-constrained airports would give United incremental access to a market where it has struggled to compete. The partnership could also weaken American's competitive position by pulling JetBlue away from its previous relationship with American.
United also has the financial strength to pursue an ambitious growth strategy. The airline ranks as the second-most profitable U.S. carrier behind Delta, giving CEO Scott Kirby greater flexibility to invest in network expansion, technology, and other long-term opportunities. That financial position gives United more room to pursue transformative moves without relying solely on defensive strategies.
Kirby's comments on M&A also suggest that United wants to pursue scale selectively rather than chase every available acquisition. He has expressed little interest in buying a smaller carrier while discussing the possibility of much larger combinations with Delta or American. That approach could help United focus its capital and management resources on deals that could materially strengthen its competitive position.
#kirby
2 months ago
Reuters reported that Solstice Advanced Materials, Inc. (NASDAQ:SOLS) and Element Solutions Inc (NYSE:ESI) mutually agreed to terminate their $14.5 billion merger agreement, the companies said on August 27, citing feedback from shareholders on both sides who preferred each to stay independent. Neither side will pay a termination fee.
Solstice Chairman Rajeev Gautam said the company valued that feedback, including shareholders' "excitement about Solstice's strategy and growth trajectory as an independent company." Solstice's board also authorized its first-ever buyback, up to $500 million, and reaffirmed its recently raised guidance. Solstice shares jumped 15% in after-hours trading, while Element gained 4%. The deal, announced July 6 just 10 months after Solstice's Honeywell spin-off, would have combined Solstice's refrigerants and specialty materials businesses with Element's electronics chemicals operations, paying Element holders $10 cash plus 0.5 Solstice shares per share. The original announcement got a rough welcome: Solstice fell nearly 15% that day, which CEO David Sewell blamed on arbitrage trading, not doubts about the deal.
Both companies continue to perform strongly on their own. Solstice's second-quarter net sales rose 11% to $1.148 billion, and the company raised its full-year sales guidance to $4.125 billion-$4.185 billion. Element delivered an even stronger quarter, with record net sales up 56% to $978 million and full-year adjusted EBITDA guidance raised to $690 million-$710 million.
Solstice Advanced Materials, Inc. (NASDAQ:SOLS) sheds significant deal risk by walking away. The termination removes the financing and merger risks linked to the acquisition and eliminates the need to use the $4.685 billion bridge facility. It also lets Solstice maintain its 1.3x net leverage. Its new $500 million buyback, the company's first ever, also gives Solstice a direct way to return capital to shareholders while it focuses on organic growth.
Element Solutions Inc (NYSE:ESI) also maintains the strengths that its shareholders wanted to preserve. Chairman Ian Ashken said investors valued Element's management team, culture, and existing business portfolio. CEO Benjamin Gliklich said the company's growth remains compelling. Remaining independent allows Element to continue investing in its existing businesses and pursuing its own growth strategy without taking on the risks of a larger combination.
#billion #million #Growth
Solstice Chairman Rajeev Gautam said the company valued that feedback, including shareholders' "excitement about Solstice's strategy and growth trajectory as an independent company." Solstice's board also authorized its first-ever buyback, up to $500 million, and reaffirmed its recently raised guidance. Solstice shares jumped 15% in after-hours trading, while Element gained 4%. The deal, announced July 6 just 10 months after Solstice's Honeywell spin-off, would have combined Solstice's refrigerants and specialty materials businesses with Element's electronics chemicals operations, paying Element holders $10 cash plus 0.5 Solstice shares per share. The original announcement got a rough welcome: Solstice fell nearly 15% that day, which CEO David Sewell blamed on arbitrage trading, not doubts about the deal.
Both companies continue to perform strongly on their own. Solstice's second-quarter net sales rose 11% to $1.148 billion, and the company raised its full-year sales guidance to $4.125 billion-$4.185 billion. Element delivered an even stronger quarter, with record net sales up 56% to $978 million and full-year adjusted EBITDA guidance raised to $690 million-$710 million.
Solstice Advanced Materials, Inc. (NASDAQ:SOLS) sheds significant deal risk by walking away. The termination removes the financing and merger risks linked to the acquisition and eliminates the need to use the $4.685 billion bridge facility. It also lets Solstice maintain its 1.3x net leverage. Its new $500 million buyback, the company's first ever, also gives Solstice a direct way to return capital to shareholders while it focuses on organic growth.
Element Solutions Inc (NYSE:ESI) also maintains the strengths that its shareholders wanted to preserve. Chairman Ian Ashken said investors valued Element's management team, culture, and existing business portfolio. CEO Benjamin Gliklich said the company's growth remains compelling. Remaining independent allows Element to continue investing in its existing businesses and pursuing its own growth strategy without taking on the risks of a larger combination.
#billion #million #Growth
