News

MDA Space has announced a definitive agreement to acquire Blue Canyon Technologies, a small satellite manufacturer currently owned by RTX (Raytheon Technologies), for $620 million. The deal represents a divestiture by RTX of a subsidiary it had previously acquired. The transaction expands MDA Space's capabilities in the small satellite segment.

Iran's Khatam-al Anbiya military headquarters announced the closure of the Strait of Hormuz to all maritime traffic, citing U.S. ceasefire violations and Israel's non-withdrawal from Lebanon. The move threatens a significant disruption to global oil flows, with WTI already rising nearly $1 on Friday. Iran's negotiating team is still traveling to Switzerland, but warned the entire MoU is at risk if commitments go unfulfilled.

Iran has closed the Strait of Hormuz, citing ceasefire violations, according to Iran's MEHR news agency as reported by Reuters. The Strait of Hormuz is a critical chokepoint for global oil and gas shipments, handling roughly 20% of the world's oil supply. This action poses significant disruption risk to global energy markets and supply chains.

AbbVie is reportedly nearing a deal to acquire Apogee Therapeutics for approximately $10.9 billion, according to SeekingAlpha. The deal has not been confirmed by either company. If completed, this would represent a significant acquisition for AbbVie in the biopharmaceutical space.

Three former executives — Andre Cronje, Michael Kong, and David Richardson — have resigned from the Sonic Labs board. Concurrently, Matt Visser has been appointed as the new CEO of Sonic Labs, succeeding Mitchell Demeter who had already resigned in February. The S token fell approximately 5% following the announcements.

Elis has withdrawn its notification to the Competition and Consumer Protection Commission (CCPC) regarding its planned acquisition of OCL. The withdrawal signals a potential halt or restructuring of the deal, as regulatory filings are typically a prerequisite for completing such transactions. No further details on the rationale for the withdrawal or next steps were provided.

Teamshares Inc. has completed its business combination with Live Oak Acquisition Corp. V (NASDAQ: LOKV), a SPAC, following shareholder approval on June 16, 2026. The transaction makes Teamshares, a tech-enabled acquiror of small and medium-sized enterprises, a publicly listed company. The deal was previously announced and has now been formally closed.

MDA Space has announced a definitive agreement to acquire Blue Canyon Technologies for $620 million. Blue Canyon Technologies is a manufacturer of small satellites and spacecraft components. The deal represents a significant expansion of MDA Space's capabilities in the smallsat market.

Churchill Downs Incorporated (CHDN) announced that the State of Maryland has notified the company of its intention to exercise a statutory right of first refusal to acquire the Preakness Stakes and Black-Eyed Susan Stakes intellectual property rights by matching CDI's previously agreed $85 million purchase price. The move effectively blocks CDI's acquisition of the Preakness IP Rights from 1/ST Maryland LLC. This represents a significant setback for CDI's strategic effort to own the Preakness Stakes brand.

Vireo Growth Inc. has completed the acquisition of an equity interest in Maryland dispensaries. The transaction marks a confirmed close of the deal, expanding Vireo's footprint in the Maryland cannabis market. No financial terms were disclosed in the announcement.

HIVE Digital Technologies has secured a $220 million AI infrastructure contract with Bell and Cohere, according to Cointelegraph. The deal is expected to generate approximately $70 million in annual recurring revenue for HIVE as it expands its AI-focused operations.

CME Group has filed a lawsuit against the CFTC and its Chair Michael Selig, alleging the regulator is improperly classifying cryptocurrency perpetual futures as "swaps" rather than "futures." CME argues this misclassification poses systemic risks to derivatives markets. The case targets a federal regulator directly, making it a significant legal challenge with potential industry-wide implications.

Independent Bank Corporation (IBCP) has received shareholder approval to acquire HCB Financial Corp. and its subsidiary Highpoint Community Bank. The deal was originally announced via a definitive merger agreement signed on March 18, 2026. IBCP holds approximately $5.5 billion in total assets, while HCB holds approximately $590 million.

Vail Resorts has reportedly hired investment bankers to prepare a defense, according to a report cited by Seeking Alpha, suggesting the company may be facing or anticipating a takeover approach. The news drove a jump in the company's share price. No acquirer or specific details of the defensive measures have been confirmed.

The U.S. and Iran have signed the Islamabad Memorandum of Understanding, outlining a framework for a ceasefire, sanctions relief, and nuclear de-escalation. Key terms include immediate removal of U.S. naval blockades on Iran within 30 days, full termination of U.S. sanctions on a negotiated schedule, Iranian oil export waivers, and Iran's commitment to reduce uranium enrichment under IAEA supervision. A final agreement is targeted within 60 days, with a $300 billion reconstruction and economic development plan for Iran to be developed by the U.S. and regional partners.

Ashland shares are rising after a report that activist investor Cruiser Capital is pushing for a sale of the company. The news suggests Cruiser Capital is applying pressure on Ashland's board to pursue a strategic transaction. No deal has been confirmed, and details of Cruiser Capital's specific demands or timeline remain unclear.

President Trump posted on TruthSocial claiming Iran is not a threat, oil is flowing, and prices are dropping, coinciding with broad market gains (S&P +1.01%, Nasdaq +1.40%) and crude oil falling $2.88 to $73.15, breaking below its 200-day moving average. Trump also referenced an earlier post about a deal involving Apple and Intel, with the U.S. government reportedly purchasing 10% of Intel at $20; Intel shares are up 6.64% on the session. The article recaps macro market conditions alongside a company-specific catalyst for Intel.

Accenture shares fell 14% after the company's forecast was negatively impacted by the Iran war, according to Reuters. The guidance cut signals a material deterioration in the company's business outlook tied to geopolitical disruption. No further financial details or specific guidance figures were provided in the article.

EQT has agreed to acquire Intertek in an all-cash deal valued at $12.4 billion. The transaction represents a confirmed M&A event targeting the global testing, inspection, and certification company. No additional terms or closing timeline were disclosed in the headline.

Capital B shareholders have approved up to $120 billion in financing capacity, encompassing both equity and credit instruments, to fund the company's ongoing Bitcoin accumulation strategy. The vote signals strong shareholder backing for an aggressive, large-scale Bitcoin treasury approach. No specific timeline or deployment schedule was disclosed in the announcement.

SRx Health Solutions has closed its acquisition of EMJX and rebranded as SRX Global, pivoting to an AI-driven platform strategy focused on investments in high-conviction operating companies and assets. The company's stock will continue trading on NYSE American under the ticker symbol SRXH. The rebrand and transaction closing were announced simultaneously.

Lennox International has announced plans to acquire Heat Controller, a manufacturer of heating and cooling products. The deal represents an expansion of Lennox's HVAC product portfolio. No financial terms were disclosed in the headline.

Hive Digital Technologies shares surged approximately 10% after the company announced a $220 million deal to provide AI infrastructure for a Canadian sovereign initiative. The contract represents a significant customer win for Hive in the AI infrastructure space. No additional financial terms or timeline details were disclosed in the headline.

L'Oréal has agreed to acquire a majority stake in Innovist, an Indian beauty and personal care company. The deal expands L'Oréal's footprint in the fast-growing Indian consumer market. Financial terms of the transaction were not disclosed in the article.

Accenture reported Q4 results but issued a revenue outlook that missed expectations, sending shares lower. The company also announced $4.18 billion in cybersecurity deals. The combination of a guidance miss and a large deal announcement creates a mixed but net-negative near-term reaction.

Brookfield Business Partners has agreed to sell its global construction business to Japan-based Obayashi Corporation for $650 million. The deal represents a divestiture of a construction unit from Brookfield's portfolio. No additional terms or closing timeline were disclosed in the report.

Deluxe Corporation has agreed to acquire Celero Commerce for $625 million, expanding its digital payments capabilities. The deal represents a significant strategic move for Deluxe as it shifts further into fintech and payment processing. No financing details or closing timeline were provided in the headline.

Chicago Atlantic Real Estate Finance, Inc. (REFI) and Chicago Atlantic BDC, Inc. have announced a definitive merger agreement. The combined entity is expected to create a scaled Business Development Company (BDC) with a focus on maintaining credit quality and portfolio yield. No financial terms of the deal were disclosed in the announcement.

Deluxe (DLX) has entered into a definitive agreement to acquire Celero Commerce, a fintech company focused on payment solutions for small to mid-sized businesses, for $625 million plus certain transaction expenses and adjustments. Celero is described as an integrated payment processing partner. The deal is intended to accelerate Deluxe's transformation toward payments and data solutions scale.

Kraken Robotics has received all regulatory and stock exchange approvals required to complete its previously announced acquisition of Covelya Group Limited. The deal was originally announced on March 3, 2026, and the regulatory clearance clears the final hurdle for closing. No financial terms or closing timeline were disclosed in this announcement.

TTM Technologies announced plans to acquire Swiss Technology Group AG and ILFA GmbH in separate all-cash transactions. The deals expand TTM's European footprint in the printed circuit board market. Financial terms and closing timelines were not detailed in the headline.

Biogen has announced an agreement to acquire RayThera in a deal valued at up to $1 billion. The transaction expands Biogen's pipeline through an M&A move into RayThera's assets. No further financial terms or closing timeline were disclosed in the report.

CME Group's chief executive announced the company intends to sue the CFTC following the regulator's approval of perpetual futures. The legal action signals a direct conflict between CME and its primary regulator over the new product class. No further details on the timeline or specific legal grounds were provided in the report.

Biogen has announced an agreement to acquire RayThera Inc., a move that adds multiple immunology assets to its pipeline. The lead asset from RayThera is positioned to enter Phase 1 clinical development. Financial terms of the deal were not disclosed in the announcement.

TTM Technologies announced it will acquire two privately-held European companies: Swiss Technology Group AG and ILFA GmbH. The deal expands TTM's footprint into Europe. No financial terms were disclosed in the announcement.

Paramount's proposed $110 billion acquisition of Warner Bros. has reportedly received regulatory approval from Chinese authorities, according to SeekingAlpha. China's sign-off is a significant milestone in the merger clearance process, as it is one of the major jurisdictions required for deal completion. The report does not confirm full global regulatory clearance or a closing date.

Rumble has closed its acquisition of Northern Data, completing the deal. No financial terms or additional details were provided in the announcement. This confirms the transaction is finalized rather than still pending.

Rayonier Advanced Materials (RYAM) is seeing share price gains after a holder publicly pushed for a sale of the company. The activist or significant shareholder pressure adds a potential M&A catalyst to the stock. No deal has been confirmed or formally announced at this stage.

The US has released the formal text of a signed Memorandum of Understanding with Iran, covering an immediate ceasefire, restoration of Persian Gulf shipping lanes within 30 days, and a framework for sanctions relief including oil and petrochemical export waivers. The MOU is non-binding until a final agreement is reached, with both sides committing to negotiate a final deal within 60 days; Iran agrees to maintain the status quo on its nuclear program and reiterates it will not produce nuclear weapons. A critical follow-up meeting is scheduled this weekend in Switzerland to advance sequencing details.

CarMax reported quarterly earnings that beat estimates, but shares fell as investors focused on concerns about the company's growth and cost-cutting ability under a new turnaround plan. CEO outlined the plan amid tougher market conditions, including ongoing margin pressure in the used car retail segment. The beats were offset by skepticism over execution risk and the broader competitive environment.

Papa John's shares are rising following a report that potential financing for a takeover of the company is being explored. The article does not confirm a deal, suggesting this remains at the rumor or early-stage report level. No acquirer or deal terms are specified in the available text.

UniQure announced it will seek FDA approval for its Huntington's disease gene therapy, following a prior public dispute with the agency over the clinical trial data supporting its application. The move comes months after the company and FDA leaders clashed over the adequacy of the trial data. No timeline for the formal submission was specified in the article.

A buyer group has filed with European merger regulators regarding a potential acquisition of Electronic Arts, according to a SeekingAlpha report. The filing signals the deal is progressing through the regulatory approval process in Europe. EA shares edged higher on the news.

BitGo announced a $50 million share buyback program, sending its stock higher after shares had fallen approximately 65% below its IPO price. The buyback signals management confidence in the company's valuation at current depressed levels. No additional financial details or timeline for the repurchase program were provided in the article.

CME Group announced that CEO Terry Duffy, 67, will transition to executive chairman effective March 1, 2027. CFO Lynne Fitzpatrick will succeed him as CEO. The planned leadership transition was disclosed by the company on Wednesday.

Inveniam has announced plans to acquire Mantra, a blockchain project that has been recovering from the collapse of its OM token over the past year. The deal comes after a turbulent period for Mantra marked by significant market pressure following the OM crash. No financial terms of the acquisition were disclosed in the report.

AstroNova has agreed to be acquired by Arcline Investment Management in an all-cash deal valued at $272 million. The transaction represents a confirmed M&A event with full cash consideration for shareholders. No additional deal terms or closing timeline were provided in the article.

Bed Bath & Beyond has signed a definitive agreement to acquire Fathom for $53.38 million. The deal represents a confirmed M&A transaction for the retailer. No additional terms or strategic rationale were disclosed in the report.

Diana Shipping has raised its takeover offer for Genco Shipping to $27.34 per share, triggering a surge in Genco's stock price. The revised bid represents an increase from Diana's prior offer and signals continued pursuit of the acquisition. The deal remains subject to confirmation of final terms and regulatory review.

Diana Shipping Inc. has raised its acquisition offer for Genco Shipping & Trading to $27.34 per share, comprising $24.80 in cash and one Diana share (valued at $2.54 based on Diana's 30-day VWAP ending June 16, 2026). The revised bid represents an increased offer from Diana's prior proposal. The deal structure is a cash-and-stock combination targeting full acquisition of Genco.