M&A

Shell acquires ARC Resources for $16.4 billion, adding 370,000 boe/d and targeting 4% annual production growth through 2030 with $250M annual synergies.

Ligand Pharmaceuticals acquires XOMA Royalty for $739M, immediately accretive to EPS with 2026 guidance raised to $8.50–$9.50 per share.

Legal firm Monteverde & Associates investigates Miluna Acquisition Corp.'s merger with CADV Ventures amid fairness concerns, soliciting shareholder input for potential class action litigation.

Shell agrees to buy Canadian energy firm ARC Resources for $13.6B in equity value, adding 370k barrels daily and boosting production growth targets.

QXO to acquire TopBuild for $17B. Multiple companies face activist pressure for strategic reviews. Tech and pharma close major deals.

1847 Holdings plans to sell CMD subsidiary for $65M, less than two years after acquiring it for $18.75M, potentially achieving debt-free status.

Inhibrx is fielding takeover interest from major pharma for cancer drug INBRX-106 in potential $9B spin-off; stock surges 39.86%.

Toll Brothers to acquire Buffington Homes, northwest Arkansas' leading luxury builder, adding 1,500+ lots and nine communities in high-growth market.

SoundHound AI acquires LivePerson for $43M in equity, combining voice and messaging AI platforms. Combined company projects $350M-$500M in 2027 revenue.

Churchill Downs to acquire Preakness Stakes IP rights for $85M, consolidating two Triple Crown legs under unified ownership with Maryland licensing arrangement.

Cycurion to acquire Kustom Entertainment's video solutions segment for $5.5M, expecting $5.1M annual revenue and $8.0M backlog, targeting early June 2026 close.

Blue Owl Capital to acquire Sila Realty Trust for $2.4 billion at $30.38 per share, a 19% premium. Deal expected to close Q2-Q3 2026 pending shareholder approval.

USA Rare Earth acquires Brazilian miner Serra Verde for $2.8B, diversifying rare earth supply away from Asia. Stocks rally on supply chain independence hopes.

S&P 500 retreats 0.5% as oil surges 6% amid Iran tensions. Small caps outperform; TopBuild soars 17% on QXO's $17B acquisition deal.

Agnico Eagle completes multi-billion acquisition spree, consolidating 2,492 sq km Finnish gold district with $365M synergy potential targeting 500,000 oz annual production.

QXO to acquire TopBuild for $17B, creating second-largest North American building products distributor with $18B revenue and $300M synergy targets.

Amazon acquires Globalstar for $11.6B to expand satellite internet; Instacart buys Instaleap; QVC files bankruptcy with $5B debt.

Spire Inc. sells natural gas storage assets to I Squared Capital for $650M, pivoting toward regulated utilities and funding Piedmont acquisition.

Caterpillar acquires Monarch Tractor to accelerate autonomous agriculture capabilities and compete with Deere & Co. in rapidly evolving farm equipment sector.

Allied Gaming & Entertainment ($AGAE) settles legal disputes, plans 2026 launch of proprietary cryptocurrency and AI platforms targeting 20+ million Asia-Pacific users.