FERC Authorizes TXNM Energy Acquisition by Blackstone Infrastructure, Finds Transaction Consistent with Public Interest [Accessibility Statement] Skip NavigationALBUQUERQUE, N.M., Feb. 20, 2026 /PRNewswire/ -- Today, the Federal Energy Regulatory Commission (FERC) authorized the application for TXNM Energy (NYSE: TXNM) to be acquired by Blackstone Infrastructure.The order states FERC finds the transaction consistent with the public interest. FERC concludes there is "no evidence that either state or federal ...

Arthur J. Gallagher & Co. Acquires B&W Insurance Agency, Inc. [Accessibility Statement] Skip NavigationROLLING MEADOWS, Ill., Feb. 17, 2026 /PRNewswire/ -- Arthur J. Gallagher & Co. today announced the acquisition of Washington, Pennsylvania-based B&W Insurance Agency, Inc. Terms of the transaction were not disclosed.B&W Insurance Agency provides personal lines and commercial brokerage services to clients in southwest Pennsylvania. Paul Barzd III, Jim Cote and their team will remain in their current locatio ...

Core Viewpoint - Nuveen has announced a recommended cash acquisition of Schroders for approximately £9.9 billion, which will create a leading global asset management firm with nearly $2.5 trillion in assets under management [1][2] Transaction Overview - The acquisition will involve Nuveen acquiring the entire issued and to-be-issued share capital of Schroders, with each shareholder entitled to receive cash consideration of £5.90 per share, totaling £9.5 billion [1] - In addition to the cash consideration, Schroders shareholders can receive dividends of up to 22 pence per share prior to completion, bringing the total valuation to £9.9 billion [1] - The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in Q4 2026, pending shareholder and regulatory approvals [1][2] Strategic Rationale - The merger aims to enhance growth opportunities for wealth and institutional investors by combining complementary platforms, capabilities, and distribution networks [1] - The combined entity will focus on creating new investment solutions across various asset classes, including equities, fixed income, private capital, and real estate [1] - London will remain the non-US headquarters of the combined group, reinforcing its role as a global financial center [1] Commitment to Heritage and Culture - Nuveen plans to maintain Schroders' operational independence for at least 12 months post-transaction, with Richard Oldfield continuing as CEO of Schroders [1] - The transaction is positioned as a way to respect and build upon Schroders' established brand and heritage [1] Shareholder Support - The Principal Shareholder Group Trustee Companies, holding approximately 41% of Schroders shares, have committed to vote in favor of the transaction [2]

Core Viewpoint - Investindustrial has successfully completed the acquisition of TreeHouse Foods for a total enterprise value of $2.9 billion, marking a significant transaction in the food and beverage sector [1]. Acquisition Details - TreeHouse Foods shareholders will receive $22.50 per share in cash and one contingent value right (CVR) per share, with the CVR linked to potential proceeds from ongoing litigation [1]. - The cash consideration represents an equity value of $1.2 billion, reflecting a 38% premium over TreeHouse Foods' closing share price on September 26, 2025, and a 29% premium to the company's 30-day volume-weighted average share price on the same date [1]. Company Transition - Following the acquisition, TreeHouse Foods will no longer be listed on the New York Stock Exchange and will operate as a private company [1]. Advisory and Legal Support - Goldman Sachs & Co. LLC acted as the financial advisor for TreeHouse Foods, while Lazard, RBC Capital Markets, and Deutsche Bank provided financial advisory services to Investindustrial [1]. - Legal counsel for TreeHouse Foods was provided by Jones Day, and Investindustrial was represented by Skadden, Arps, Slate, Meagher & Flom LLP [1]. Company Background - TreeHouse Foods is a leading manufacturer of private brands in the snacking and beverage sector in North America, focusing on customer engagement and operational efficiencies to drive growth [1]. - Investindustrial is a prominent European investment group with €17 billion in raised fund capital, emphasizing sustainability and mid-market company support [1].

Core Insights - Investors are increasingly critical of Netflix's performance, leading to a nearly 5% drop in stock price following earnings that only slightly exceeded analyst expectations, with concerns surrounding the acquisition of Warner Bros. Discovery [1][8] - Netflix's stock has declined nearly 40% from last summer's highs, exacerbated by uncertainties related to the Warner Bros. Discovery acquisition, which is facing regulatory scrutiny and a competing bid [2][3] Financial Performance - Netflix reported fourth-quarter revenue of $12.05 billion, surpassing the analyst consensus of $11.97 billion, and earnings per share (EPS) of $0.56, slightly above estimates [5] - For the current quarter, Netflix anticipates EPS of $0.76 on revenue of $12.16 billion, which is below the analyst expectations of EPS of $0.82 on revenue of $12.19 billion [4] Strategic Moves - The company plans to pause stock buybacks to accumulate cash for the Warner Bros. Discovery acquisition, amending its offer to an all-cash deal to counter a competing bid from Paramount Skydance [4][8] - Analysts from William Blair noted that while Netflix's business fundamentals remain solid, the stock may continue to face pressure until the acquisition deal is finalized [6] Market Outlook - Analysts predict potential volatility for Netflix's stock until at least April, when the company is expected to report first-quarter results and shareholders will vote on the Warner Bros. deal [7] - The mean target price for Netflix shares, as compiled by Wall Street analysts, suggests a potential upside of over 26% from recent levels, indicating possible recovery post-acquisition [8]

Core Insights - Arthur J. Gallagher & Co. has acquired UK-based First Actuarial, enhancing its pension service capabilities in the UK [1][3] - First Actuarial specializes in pension administration, employee benefits, consultancy, and investment services for employers and pension plan trustees in the UK [2] - The acquisition aligns with Gallagher's strategy to expand its employee benefits consulting operations and will retain the First Actuarial team under existing leadership [2][3] Company Overview - Arthur J. Gallagher & Co. is a global insurance brokerage, risk management, and consulting services firm headquartered in Rolling Meadows, Illinois, operating in approximately 130 countries [3] - The company continues to grow through strategic acquisitions, as evidenced by its recent purchases, including Surescape Insurance Services and Tompkins Insurance Agencies [5][6]

Core Viewpoint - NameSilo Technologies Corp. has entered into a letter of intent to acquire 100% of Reach Systems Inc. for a total consideration of C$4,500,000 [1][4]. Group 1: Company Overview - NameSilo Technologies Corp. focuses on investing in undervalued companies with potential for significant appreciation, operating in both public and private markets [6]. - Reach Systems Inc. specializes in engineering and manufacturing remote inspection equipment and related systems for various industries including oil & gas and robotics [2][3]. Group 2: Acquisition Details - The acquisition is subject to the completion of a definitive share purchase agreement and due diligence by NameSilo [5]. - The purchase price was determined through arm's length negotiations, with no insider relationships between NameSilo and Reach [4].

Core Insights - Silver Point Capital announced its role as a Joint Lead Arranger in a $450 million secured term loan financing for Gemspring Capital Management's acquisition of Goodyear Chemical [1][4] - The acquisition includes two chemical facilities located in Houston and Beaumont, Texas, along with a research office in Akron, Ohio, while Goodyear retains its facilities in Niagara Falls, New York, and Bayport, Texas [2] Company Overview - Goodyear Chemical is a prominent producer of synthetic rubber, providing a diverse product portfolio that serves major customers across North America, including leading tire manufacturers [3] - The product offerings from Goodyear Chemical cater to various end markets such as food, medical, sporting goods, thermoset plastics, adhesives, packaging, and other consumer and industrial applications [3] Financial and Operational Details - Gemspring Capital, based in Westport, Connecticut, manages $5.1 billion in capital and focuses on providing flexible capital solutions to middle-market companies with revenues up to $2 billion [5] - Silver Point Capital, founded in 2002, oversees $41 billion in investable assets and has a dedicated Direct Lending business managing over $16 billion, offering customized financing solutions across various industries [6]

Core Insights - Arthur J. Gallagher & Co. has announced the acquisition of Tompkins Insurance Agencies, enhancing its brokerage capabilities in the Northeast region [1][3]. Company Overview - Tompkins Insurance Agencies is based in Batavia, New York, and offers a comprehensive range of property/casualty insurance products and employee benefits services in New York and Pennsylvania [2]. - The acquisition will allow Tompkins Insurance Agencies to continue operating under its current leadership, with David Boyce remaining as president [2]. Financial Details - The pro forma revenues and EBITDAC of Tompkins Insurance Agencies for the trailing 12 months ending June 30, 2025, were approximately $40 million and $16 million, respectively [3]. - Gallagher will acquire Tompkins Insurance Agencies for $183 million, which includes a discounted tax benefit of about $40 million [3].

Core Viewpoint - Sandstorm Gold Ltd. has completed its arrangement with Royal Gold, Inc., resulting in Royal Gold acquiring all outstanding common shares of Sandstorm [1][2]. Summary by Sections Arrangement Details - Sandstorm shareholders received 0.0625 of a share of Royal Gold for each Sandstorm Share held as part of the arrangement [2]. - The Sandstorm Shares are expected to be delisted from both the Toronto Stock Exchange and the New York Stock Exchange within two to three business days following the announcement [3]. - Sandstorm will apply to cease being a reporting issuer in applicable jurisdictions and will deregister its shares under the U.S. Securities Exchange Act of 1934 [3]. Shareholder Instructions - Shareholders are advised to review the Management Information Circular dated September 8, 2025, for details on receiving the consideration for their shares [4][5]. - Registered shareholders must complete and return the letter of transmittal along with their share certificates to Computershare Investor Services Inc. [5]. - Non-registered shareholders should contact their intermediaries for instructions on receiving the consideration [5]. Additional Information - Due to the ongoing Canada Post strike, registered shareholders are encouraged to use courier services or hand deliver their documentation to the depositary [6].