Cash and stock transaction combines two complementary trusted and globally recognized financial technology infrastructure providers to better serve banking and retail customers Positioned to accelerate Brink’s growth in high-margin AMS and DRS businesses by expanding into large, under-penetrated addressable markets Expected to deliver at least 35% accretion to EPS, while generating strong cash flow with an estimated $200 million in annual run-rate cost synergies RICHMOND, Va. and ATLANTA, Feb. 26, 2026 (GLO ...

Core Viewpoint - Honeywell has amended its agreement to acquire Johnson Matthey's Catalyst Technologies business, reducing the total consideration from £1.8 billion to £1.325 billion and extending the long stop date to July 21, 2026 [1]. Group 1 - The total consideration for the acquisition has been adjusted to £1.325 billion [1]. - The long stop date for the transaction has been extended to accommodate outstanding requirements [1].

Core Viewpoint - Air T, Inc. reported a decline in revenues and increased net losses for the third quarter of fiscal 2026, despite a recent acquisition aimed at expanding its market presence in the Australian regional airline sector [2][8]. Financial Performance - For the third quarter ended Dec. 31, 2025, Air T reported revenues of $71.1 million, down 8.7% from $77.9 million in the prior-year quarter [2]. - The company experienced an operating loss of $3.8 million compared to an operating income of $1.4 million a year earlier [2]. - Net loss attributable to Air T stockholders widened to $2.5 million, or $(0.91) per share, from a loss of $1.3 million, or $(0.47) per share, in the prior-year period [2]. Year-to-Date Performance - On a nine-month basis, revenue declined 8.6% to $206.2 million from $225.5 million [3]. - Net income attributable to Air T stockholders fell 69.8% to $0.3 million, or $0.10 per share, from $0.9 million, or $0.32 per share, a year earlier [3]. Segment Performance - Overnight air cargo revenue was flat at $30.6 million [4]. - Ground support equipment sales rose 7.9% to $12.8 million from $11.8 million [4]. - Commercial aircraft, engines, and parts revenue fell 42.4% to $18.8 million from $32.7 million [4]. - Digital solutions revenue increased 24.9% to $2.5 million from $1.9 million [4]. - The newly added regional airline segment contributed $5.2 million for the partial quarter following the Rex acquisition [4]. Key Business Metrics - Adjusted EBITDA for the quarter was $0.2 million, down from $2.7 million in the prior-year period [5]. - Ground support equipment generated $1.7 million in adjusted EBITDA, up from $0.2 million a year earlier [5]. - Overnight air cargo produced $1 million, down 48.6% from $1.9 million [5]. - The commercial aircraft, engines, and parts segment posted an adjusted EBITDA loss of $0.2 million against a $2.9 million profit last year [6]. - The regional airline segment reported a $0.5 million adjusted EBITDA loss for its initial 13 days of operations under Air T ownership [6]. - Order backlog in the ground support equipment segment nearly doubled to $12.9 million as of Dec. 31, 2025, from $6.2 million a year earlier [6]. Investments and Acquisitions - The equity method investments balance increased to $33.6 million as of Dec. 31, 2025, from $19 million as of March 31, 2025 [7]. - The acquisition of Rex Regional Airlines was described as a strategic entry into the Australian regional airline market, with a preliminary bargain purchase gain of $95.8 million recorded as a deferred credit on the balance sheet [8][10]. - The preliminary fair value of assets acquired from Rex totaled $164.8 million against liabilities of $57.9 million, resulting in net assets of $106.9 million [12]. Management Commentary - Management did not provide formal financial guidance for upcoming quarters, focusing instead on operational integration of Rex and execution priorities [11].

Core Viewpoint - Restart Life Sciences Corp. has entered into a share purchase agreement to acquire 100% of Holy Crap Foods Inc. for $1,000,000 in cash, aligning with its strategy to develop health-focused consumer brands [1][3][4]. Group 1: Acquisition Details - The acquisition includes all issued and outstanding shares of Holy Crap and its British Columbia-based manufacturing facility [3][4]. - The purchase price is set at $1,000,000, subject to customary working capital adjustments [3]. - The closing of the acquisition is anticipated to occur within the next ten business days, pending customary closing conditions [2]. Group 2: Strategic Alignment - The acquisition is expected to enhance Restart Life's portfolio by adding a well-established brand with existing revenue and manufacturing capabilities [4][6]. - Management aims to maintain Holy Crap's operations while exploring opportunities for expansion and product development [5][6]. Group 3: Company Background - Holy Crap Foods Inc. is known for its premium breakfast products, including gluten-free, non-GMO, and high-fiber cereals, which support digestive wellness [7]. - Restart Life Sciences Corp. is a Canadian-based life sciences company listed on the CSE, focusing on health-oriented consumer brands [8].

Core Insights - Sanofi has completed the acquisition of Dynavax Technologies Corporation, enhancing its portfolio in adult immunization with Dynavax's hepatitis B vaccine HEPLISAV-B and shingles vaccine candidate Z-1018 [1][2] Acquisition Details - The tender offer for Dynavax's common stock expired on February 9, 2026, and all conditions were satisfied, leading to Sanofi's acceptance of the shares [3] - The acquisition was finalized through a merger, with Dynavax becoming a wholly owned subsidiary of Sanofi, and shares not tendered in the offer will receive $15.50 per share in cash [4] Strategic Implications - This acquisition strengthens Sanofi's commercial reach and development capabilities in the vaccine market, positioning the company for growth in adult immunization [2]

Core Insights - Savaria Corporation has completed the acquisition of substantially all assets of Baxter Residential Elevators, LLC, enhancing its position in the accessibility industry [1][3] Group 1: Acquisition Details - Baxter Residential Elevators (BRE) generated approximately US$4 million (C$5.5 million) in revenue in 2025 and has strong relationships with homebuilders in North Texas, particularly in the luxury residential segment [2] - The acquisition provides Savaria with a direct presence in the Dallas metropolitan area, a strategically important market due to Texas's rapid growth in residential and commercial construction [3] Group 2: Leadership and Future Plans - Richard D ("RD") Baxter, the founder of BRE, will continue to lead the business as a division of Savaria, ensuring continuity for customers and employees [4] - Both RD Baxter and Alexandre Bourassa, President of Accessibility North America, expressed optimism about the partnership and its potential for growth in the home elevator market in Texas [5][6] Group 3: Company Overview - Savaria Corporation is a global leader in the accessibility industry, providing a comprehensive range of accessibility solutions, including stairlifts, wheelchair lifts, and medical equipment [7] - The company operates a sales network of dealers worldwide and employs approximately 2,500 people across various locations, including North America, Europe, Australia, and China [7]

Group 1 - Hellman & Friedman is in discussions regarding a potential acquisition of Bill Holdings, a business payments provider, with other buyout firms also showing interest [1] - Bill's shares increased by 21% on February 6 after the company raised its full-year outlook, although the stock is down approximately 56% over the past year, trading at $42.83 and giving it a market capitalization of about $4.2 billion [2] - For Q2 of fiscal 2026, Bill reported revenue of $414.7 million, up from $362.6 million year-over-year, driven by higher subscription and transaction fee revenue, while posting a net loss of $2.6 million compared to a net income of $33.5 million in the previous quarter [3] Group 2 - Bill provides payments and expense-management services to small and midsize businesses and has faced pressure from activist investors such as Starboard Value LP, Elliott Investment Management, and Barington Capital Group due to weaker customer spending and competition [4] - Starboard Value reached a cooperation agreement with Bill in October after acquiring a stake, leading to the appointment of four new independent directors, including one nominated by Starboard [4]

Core Viewpoint - Orion Group Holdings, Inc. has acquired J. E. McAmis, Inc. and JEM Marine Leasing LLC for approximately $60 million, enhancing its capabilities in marine construction and positioning the company for long-term growth [1][5][9] Transaction Highlights - The acquisition includes a purchase consideration of approximately $60 million, with additional contingent consideration of $10 million based on profit from projects in backlog and 40% of profit on select near-term pursuits [5] - The deal is expected to be accretive to Orion's adjusted EBITDA and margin for 2026 [6][9] Company Background - J.E. McAmis, founded in 1973, specializes in complex marine construction projects, including jetty and breakwater construction, dredging, and environmental restoration, with a strong client base including the U.S. Department of Defense [3][13] - J.E. McAmis has a robust pipeline of opportunities valued at $1.4 billion and a portfolio of marine and real estate assets worth $34 million [3] Strategic Implications - The acquisition strengthens Orion's marine construction business by adding best-in-class capabilities and a highly skilled workforce [4][9] - It enhances Orion's equipment fleet with strategic marine assets and positions the company to capitalize on significant marine opportunities in the future [9] Financial Structure - The acquisition was funded through $46 million in cash (net of cash acquired), a $12 million subordinated promissory note, and $2 million in Orion common stock [10]

Group 1 - GE Vernova has acquired the remaining 50% stake in Prolec GE for $5.28 billion (91.43 billion pesos), transitioning from a joint venture to full ownership [1][2] - The acquisition was financed through an equal split of cash and debt and concluded after receiving necessary regulatory approvals [1] - Prolec GE operates seven manufacturing locations in the Americas, employing around 10,000 staff and specializes in transformers and related components for power generation, transmission, and distribution [2] Group 2 - GE Vernova CEO Scott Strazik emphasized the importance of the acquisition in enhancing the company's capacity to meet strong grid demand in North America [3] - Prolec GE will now operate within GE Vernova's Electrification segment and adopt the GE Vernova brand in the marketplace [3] - The existing leadership team at Prolec GE will remain in place, with CEO Ricardo Suarez continuing to lead while adapting to the GE Vernova culture [4]

Group 1 - Essity has completed the acquisition of Edgewell Personal Care's feminine care business for USD 340 million (approximately SEK 3 billion) on a cash and debt-free basis, enhancing its focus on high-margin categories and market positions in the US [1][2] - The acquisition includes a diverse product portfolio of liners, pads, and tampons under well-known brands in North America, as well as a production facility in Dover, Delaware, which will be consolidated into Essity's accounts as of February 2, 2026 [2] - The CEO of Essity, Ulrika Kolsrud, expressed optimism about accelerating the growth of the acquired brands, reinforcing the company's personal care business in North America and its ambition to expand in high-yielding categories and key geographies [3] Group 2 - Essity is recognized as a fast-growing player in the feminine care category, with a strong portfolio of regional brands such as Libresse, Bodyform, Nana, Saba, Libra, Nosotras, Knix, and Modibodi, offering a wide range of products including pads, liners, tampons, intimate soaps, intimate wipes, leakproof apparel, and menstrual cups [4]