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Transocean to Buy Valaris in $5.8 Billion All-Stock Offshore Drilling Merger
Yahoo Finance· 2026-02-09 15:30
Transocean Ltd. has signed a definitive agreement to acquire rival offshore driller Valaris Limited in an all-stock transaction valued at roughly $5.8 billion, combining two of the industry’s most modern offshore rig fleets into a single global operator. The merged company will have an enterprise value of about $17 billion and an estimated market capitalization of $12.3 billion on a pro forma basis. Under the terms of the deal, Valaris shareholders will receive 15.235 shares of Transocean for each Valar ...
Northfield Bancorp Investor Alert: Kahn Swick & Foti, LLC Investigates Merger of Northfield Bancorp, Inc. - NFBK
Businesswire· 2026-02-04 17:32
CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn If you would like to discuss your legal rights regarding the proposed transaction, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-nfbk/ to learn more. NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick ...
Independent Proxy Advisory Firm ISS Recommends Shareholders Vote “FOR” Middlefield Banc Corp. Proposed Merger with Farmers National Banc Corp.
Globenewswire· 2026-01-30 14:17
Recommendation Highlights Strategic Benefits and Value Creation of Merger The Board of Directors Urges Shareholders to Vote by February 9, 2026, at 11:59 p.m., ET MIDDLEFIELD, Ohio, Jan. 30, 2026 (GLOBE NEWSWIRE) -- Middlefield Banc Corp. (NASDAQ: MBCN) today announced that Institutional Shareholder Services, Inc. (“ISS”), an independent proxy advisory firm, has recommended shareholders vote “FOR” all proposals at the Special Meeting of Shareholders to be held virtually on February 10, 2026, including the C ...
Terex Corporation and REV Group Receive Stockholder Approval For Merger
Prnewswire· 2026-01-28 21:05
Core Viewpoint - The merger between Terex Corporation and REV Group has received necessary stockholder approvals, with the transaction expected to close in the first week of February 2026, pending remaining closing conditions [1][2]. Company Overview Terex Corporation - Terex is a global industrial equipment manufacturer specializing in materials processing machinery, waste and recycling solutions, mobile elevating work platforms, and equipment for the electric utility industry [5]. - The company focuses on providing lifecycle support and complementary digital solutions to maximize customer investment returns, including environmentally friendly products such as electric and hybrid offerings [5]. REV Group, Inc. - REV Group designs and manufactures specialty vehicles and related aftermarket parts, serving a diversified customer base primarily in the United States [6]. - The company operates through two segments: Specialty Vehicles, which includes public service vehicles, and Recreational Vehicles, which encompasses a range of RVs [6]. Merger Details - Over 95% of Terex stockholders voted in favor of the stock issuance proposal, while more than 80% of REV's outstanding shares voted in favor of the merger proposal [7]. - The merger is expected to create a stronger, more diversified company with enhanced financial flexibility and significant synergies, positioning both companies for sustainable long-term growth [2][7].
Star Equity Issues Statement on GEE Group's Lack of Engagement
Globenewswire· 2026-01-22 13:30
Core Viewpoint - Star Equity Holdings, Inc. has proposed a merger with GEE Group, Inc. to enhance value for GEE Group's shareholders, citing the need for GEE Group to join a larger entity rather than continuing its independent strategy [1][2]. Group 1: Proposal Rationale - The proposal suggests that GEE Group should abandon its "go it alone" strategy, as remaining a small public company is detrimental to shareholder value due to high SG&A expenses [2]. - A merger with Star Equity would eliminate duplicative public company costs and create potential cost-saving synergies [2]. - GEE Group's past acquisition performance has been poor, indicating that it should focus on being a seller rather than a buyer [2]. Group 2: Financial Performance Concerns - GEE Group's revenue for FY 2025 was $96.5 million, a 41.6% decline from FY 2022 and a 9.8% decline from FY 2024 [3]. - The company reported net losses of $58.8 million over the last two years, including $36.2 million from goodwill impairment charges, highlighting issues with previous acquisitions [3][4]. - JOB's stock price has declined nearly 92% from five years ago, reflecting market concerns over GEE Group's financial performance and capital allocation [5]. Group 3: Market Sentiment and Strategy - The stock price has traded close to its cash per share since April 2025, indicating a loss of confidence in GEE Group's management and strategy [5]. - GEE Group's management has expressed a preference for acquisitions over share repurchases, which could be detrimental to shareholder value given the high multiples in the staffing industry [6]. - Star Equity believes that its proposal would significantly benefit JOB stockholders by reducing corporate overhead costs and improving operational efficiency [12].
CAVU Resources, Inc. (OTC: CAVR) Provides Status Update on Proposed Merger with Post Bid Ship, Inc.
Accessnewswire· 2026-01-21 18:00
TULSA, OKLAHOMA / ACCESS Newswire / January 21, 2026 / CAVU Resources, Inc. ("CAVR" or the "Company") (OTCID:CAVR) today provided an update regarding its proposed merger transaction with Post Bid Ship, Inc. and PBS Recon, Inc. The Company announced that execution of the definitive Agreement and Plan of Merger has been intentionally deferred to ensure completion of all required procedural, market, and regulatory review steps, allowing the transaction to proceed in an orderly manner and in full compliance wit ...
AAM and Dowlais win Chinese antitrust approval for $1.44bn merger
Yahoo Finance· 2026-01-19 11:15
Core Viewpoint - American Axle & Manufacturing (AAM) and Dowlais Group have received Chinese antitrust clearance, completing regulatory approvals for their planned merger set for February 2026 [1][5]. Group 1: Merger Details - The merger deal, valued at approximately $1.44 billion, was struck in January last year, involving a cash-and-share transaction [2]. - Under the agreement, Dowlais shareholders will receive 0.0863 new AAM common shares and 42 pence in cash for each Dowlais share, along with potential additional payments linked to Dowlais' FY24 final dividend [2][3]. - Post-merger, AAM investors are expected to control 51% of the combined entity, while Dowlais shareholders will own 49% [3]. Group 2: Valuation and Premium - The transaction values Dowlais at 85.2 pence per share, reflecting a 25% premium over Dowlais' closing share price on January 28, 2025 [3]. Group 3: Business Operations - Dowlais Group operates in automotive engineering and car parts manufacturing, with businesses including GKN Automotive and GKN Powder Metallurgy across 70+ facilities in 19 countries [4]. Group 4: Strategic Rationale - The strategic rationale for the merger is to create a global leader with enhanced financial strength, broader diversification, and a market-leading product portfolio in both traditional and electrified powertrain solutions [4]. Group 5: Regulatory Approvals - The merger has received approvals from multiple jurisdictions, including the US, India, the UK, South Korea, Taiwan, Turkey, and the European Commission, totaling seven out of ten required jurisdictions [5]. - The final approval is contingent on a court hearing scheduled for January 30, 2026 [5].
Sonida Senior Living Investor Alert: Kahn Swick & Foti, LLC Investigates Merger of Sonida Senior Living, Inc. - SNDA
Prnewswire· 2026-01-16 19:31
Core Viewpoint - The proposed merger between Sonida Senior Living, Inc. and CNL Healthcare Properties, Inc. is under investigation to assess its fairness and adequacy for Sonida shareholders [1] Group 1: Merger Details - Upon completion of the merger, existing shareholders of Sonida will hold between 39.5% and 50.0% of the diluted common equity of the newly formed entity [1]
AVO Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Mission Produce, Inc. is Fair to Shareholders
Businesswire· 2026-01-15 18:18
Core Viewpoint - Halper Sadeh LLC is investigating the fairness of the merger between Mission Produce, Inc. and Calavo Growers, Inc. for Mission shareholders, who are expected to own approximately 80.3% of the combined company upon completion of the transaction [1]. Group 1 - The investigation focuses on whether Mission and its board violated federal securities laws and/or breached fiduciary duties by failing to obtain the best possible consideration for shareholders and not disclosing all material information necessary for assessing the merger [3]. - Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures, and other relief related to the proposed transaction [4]. - The firm operates on a contingent fee basis, meaning shareholders would not be responsible for out-of-pocket legal fees or expenses [4]. Group 2 - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered millions for defrauded investors [5].
UDMY Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Udemy With Coursera
Globenewswire· 2026-01-14 14:44
Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed all-stock merger between Udemy, Inc. and Coursera, where Udemy shareholders will receive 0.800 shares of Coursera for each share of Udemy they own [1] Group 1: Stock Performance - Since the merger announcement on December 17, 2025, Udemy's stock price has decreased from $6.05 to $5.12 by January 13, 2026, making the merger less attractive for Udemy shareholders [2] - Prior to the merger announcement, Wall Street analysts had higher price targets for Udemy, with Ryan MacDonald from Needham setting a target of $11.00 and Bryan Smilek from J.P. Morgan at $8.00 [3]