NASHVILLE, Tenn.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) CEO Terry Turner and Synovus Financial CEO Kevin Blair will participate in a joint fireside chat at the BancAnalysts Association of Boston Conference in Boston on Thursday, November 6, 2025, at 2:15 p.m. ET. They are expected to discuss the pending merger between Pinnacle and Synovus. A webcast of this event will be available on Pinnacle's investor relations website at investors.pnfp.com. For those unable to view. ...

Group 1 - The core strategy of AS Harju Elekter Group is to focus on factory-based manufacturing while exiting the retail and wholesale business of electrical materials and equipment [1] - A merger process has been initiated between AS Harju Elekter and its wholly owned subsidiary Energo Veritas OÜ, with the merger agreement signed on 01 October 2025 [1] - Following the merger, Energo Veritas OÜ will be consolidated into AS Harju Elekter and will be deemed dissolved, with completion of necessary actions expected in the first quarter of 2026 [2]

Core Insights - Tamboran Resources Corp. and Falcon Oil & Gas Ltd. have signed a deal to create approximately 2.9 million net prospective acres in the Beetaloo Basin, resulting in a combined company with a pro forma market capitalization exceeding $500 million [1] Transaction Details - Tamboran will acquire Falcon for 6.537 million shares of TBN and $23.7 million in cash, with the transaction expected to close in Q1 2026 [2] - Post-transaction, Falcon shareholders will receive TBN shares at an exchange ratio of 0.00687 shares of TBN for each Falcon share, resulting in Falcon shareholders owning about 26.8% of the combined entity [2] Valuation Metrics - The transaction values Falcon's subsidiaries at C$239 million (approximately $172 million), reflecting a 19.7% premium over Falcon's closing price on September 29 and a 53.2% premium to the 90-day traded VWAP [3] - The implied acreage value of $169 per acre from the acquisition represents a 4% discount to Tamboran's current implied acreage value of $176 per acre, indicating potential accretion for Tamboran stockholders [4] Strategic Implications - The acquisition will enhance Tamboran's working interest in the Phase 2 Development Area to 80.62% and align further with Daly Waters Energy, LP across the EP 76, 98, and 117 acreage [5] - Following the announcement, TBN shares increased by 11.11% to $25.10 in pre-market trading on the New York Stock Exchange [5]

Italian oil field services company Saipem announced that its shareholders have approved its previously announced merger with Norwegian subsea contractor Subsea7. This merger was unanimously approved at an extraordinary shareholders' meeting by shareholders, representing 62.15% of the voting share capital. The proposed merger is anticipated to be completed in the second half (H2) of 2026. In July this year, Saipem and Subsea7 entered into a binding merger agreement, consistent with the memorandum of unde ...

Core Viewpoint - Compass is acquiring Anywhere Real Estate, which owns Century 21 and Coldwell Banker, in an all-stock transaction valued at approximately $10 billion, creating a significant player in the real estate brokerage industry [2][5]. Group 1: Acquisition Details - The acquisition involves Anywhere investors receiving 1.436 Compass shares for each share they own, valuing Anywhere shares at $13.01, which represents an 84% premium over its closing price prior to the announcement [3][5]. - Following the acquisition, Compass shareholders will control 78% of the new company, while Anywhere investors will hold the remaining 22% [3][5]. Group 2: Market Reaction - The announcement led to a nearly 60% increase in Anywhere shares during morning trading, while Compass shares experienced a decline [2][5]. Group 3: Leadership and Future Outlook - Robert Reffkin, the founder and CEO of Compass, will continue as CEO of the combined firm, emphasizing the goal of creating a thriving environment for real estate professionals [4]. - The transaction is anticipated to close in the second half of the following year [4].

Core Viewpoint - Mars' acquisition of Kellanova is likely to receive approval from the European Commission before Christmas, with a new deadline set for December 19 to complete the investigation into the deal [1][2]. Group 1: Regulatory Timeline - The European Commission had previously suspended its investigation into the merger due to a lack of requested information, which has now been received, allowing the investigation to resume [2][3]. - The original deadline of October 31 for the investigation was cancelled, and the new provisional deadline is December 19 [2]. Group 2: Merger Details - Mars confirmed the acquisition of Kellanova, the maker of Pringles and Cheez-It, for $35.9 billion [4][5]. - The U.S. Federal Trade Commission approved the merger in June, making the EU approval the last remaining hurdle [3]. Group 3: Competition Concerns - Preliminary findings from the European Commission indicated that the merger could lead to higher consumer prices due to Mars' increased negotiating power with retailers in the European Economic Area [4][6]. - Several retailers in the EEA have expressed concerns regarding the potential impact of the merger on pricing [6].

In conjunction with the definitive proxy filing, Staar (STAA) is mailing the following letter to Staar stockholders: “On August 5, 2025, we announced that STAAR Surgical Company entered into a definitive merger agreement to be acquired by Alcon (ALC) for $28.00 per share in cash. STAAR will hold a virtual Special Meeting of Stockholders on October 23 at 8:30 a.m. to ask for your vote to adopt the merger agreement. The STAAR Board of Directors unanimously determined that the proposed merger with Alcon is in ...

ADES Holding has announced revised terms for its proposed merger with Shelf Drilling, increasing the cash consideration by 28% to Nkr18.50 ($1.88) per share. This adjustment comes after discussions with Shelf Drilling's senior management and a review of market fundamentals. In a statement to Tadawul, ADES Holding announced that the revised offer has garnered binding commitments, including ADES' own share, which accounts for 53.4% of the votes in favour of the merger. This represents a substantial increa ...

Core Viewpoint - California Resources Corporation (CRC) is merging with Berry Corporation in an all-stock transaction valued at approximately $717 million, including net debt, which is expected to create a stronger energy leader in California [1][3]. Transaction Details - The merger will see Berry shareholders receive 0.0718 shares of CRC stock for each Berry share, representing a 15% premium based on closing prices from September 12 [1]. - The deal is anticipated to close in Q1 2026, pending regulatory and shareholder approvals, with CRC shareholders retaining 94% ownership of the combined entity [2]. Financial Implications - CRC plans to refinance Berry's debt using its cash reserves and credit facilities, with new debt issuance contingent on market conditions to optimize financial structure [2]. - The combined companies are projected to produce around 161,000 barrels of oil equivalent per day in Q2 2025, with CRC expecting annual cost savings of $80 million to $90 million within a year of closing due to operational synergies [4]. Strategic Benefits - The merger aims to leverage CRC's conventional assets alongside Berry's oil-weighted reserves to enhance operational efficiency and free cash flow generation [3]. - Berry's holdings in the Uinta Basin present strategic and developmental opportunities for the combined entity [5]. Advisory Roles - RBC Capital Markets and Petrie Partners acted as financial advisors for CRC, while Guggenheim Securities served as financial advisor for Berry, with legal counsel provided by Sullivan & Cromwell for CRC and Vinson & Elkins for Berry [5].

Core Viewpoint - The merger between California Resources Corporation (CRC) and Berry Corporation is expected to create a stronger and more efficient leader in the California energy sector, enhancing shareholder value through significant operational synergies and a robust financial position [2][3]. Transaction Overview - The all-stock transaction values Berry at approximately $717 million, including net debt, with CRC shareholders expected to own about 94% of the combined entity upon closing [1][5]. - The transaction is anticipated to close in the first quarter of 2026, pending regulatory and shareholder approvals [6]. Financial Metrics - The merger is projected to be immediately accretive to key financial metrics, with an estimated enterprise value of more than $6 billion for the combined entity [5][9]. - The transaction is priced at approximately 2.9x enterprise value to 2025E adjusted EBITDAX, with expected per share accretion to net cash provided by operating activities and free cash flow of over 10% before synergies [3][9]. Synergies and Cost Savings - CRC expects to achieve annual synergies of $80 to $90 million within 12 months post-closing, representing about 12% of the transaction value [3][9]. - Approximately 50% of these synergies are expected to be realized within six months of closing, primarily through corporate synergies, lower interest costs, and operational improvements [3][9]. Production and Reserves - On a pro forma basis, the combined company would have produced approximately 161 thousand barrels of oil equivalent per day (Mboe/d) in Q2 2025, with 81% being oil, and held around 652 million barrels of oil equivalent in proved reserves as of year-end 2024 [3][11]. - The merger will also enhance CRC's operational capabilities through the acquisition of C&J Well Services, improving well maintenance and operational efficiency [3][4]. Strategic Positioning - Berry's Uinta Basin position, comprising approximately 100,000 net acres, provides additional operational and financial optionality, with significant production potential [3][4]. - The combined company aims to leverage regulatory tailwinds to ensure safe, reliable, and affordable energy production while maximizing long-term shareholder value [2][3].