M&A

Home BancShares completes Mountain Commerce Bancorp acquisition for ~$146M in stock, expanding branch network to 226 locations across six states.

Apollo Global Management and GIC acquire KKR's Atlantic Aviation in $10B deal, with KKR generating 15x returns while maintaining reinvestment stake through Q3 close.

Biogen acquires Apellis Pharmaceuticals for $5.6 billion in cash, gaining two FDA-approved therapies with $689M in 2025 projected sales and mid-to-high teens growth expectations.

StoneX acquires UK banknotes distributor WCS International to enhance cross-border payments capabilities and expand its financial institution ecosystem.

BrightSpring completes ResCare Community Living sale to Sevita, refocusing on core home health and rehabilitation services while Sevita expands disability care footprint.

Three PE firms advance offer for 50% stake in Nestlé's water and premium beverage brands including Perrier and S.Pellegrino, valued at $5.75 billion.

Major M&A wave underway: Estée Lauder considers $40B Puig merger, KKR acquires Nothing Bundt Cakes, Amazon buys Fauna Robotics amid strategic consolidation across sectors.

Activist investor Irenic Capital urges Teleflex board to engage potential buyers, citing 73% five-year shareholder return decline. Teleflex shares rose 5.37% on the announcement.

SAP to acquire data platform Reltio to strengthen enterprise AI capabilities, with closing expected in Q2-Q3 2026. Stock fell 1.42% on announcement.

Henkel agrees to acquire Olaplex for $1.4B at $2.06 per share, a 55% premium. Shares surge 51% as deal closes in H2 2026.

Henkel to acquire prestige haircare brand OLAPLEX for $1.4 billion at $2.06 per share, a 55% premium, in all-cash deal closing H2 2026.

Merck agrees to acquire Terns Pharmaceuticals for $6.7B to strengthen pipeline before Keytruda's 2028 patent expiry, but analysts suggest competing bids may emerge.

Merck acquires Terns Pharmaceuticals for $6.7 billion to gain TERN-701, a novel leukemia treatment, at 31% premium valuation.

Merck pursues $6B acquisition of Terns Pharma to strengthen oncology pipeline as Keytruda faces patent expiration amid broader $320B industry revenue cliff.

CVD Equipment ($CVV) surges 26% after agreeing to sell Stainless Design Concepts to Atlas Copco for $16.9M, netting $15M while focusing on core CVD operations.

Wawanesa Mutual Insurance agrees to acquire Everest Insurance Company of Canada, adding $305 million in annual premiums and expanding specialty coverage capabilities.

Powell Max signs LOI to acquire Boston Solar for $9M plus $7M debt assumption, marking major strategic pivot from financial communications into renewable energy sector.

Public Policy Holding Company acquires UK consultancy WPI Strategy, bolstering economics capabilities and creating 60-person combined platform.

Major M&A wave includes Public Storage's $10.5B acquisition of National Storage, Mastercard's $1.8B BVNK purchase, and IBM's $11B Confluent deal, while multiple companies including Domino's franchisee file for bankruptcy.

Ecolab acquires CoolIT Systems for $4.75 billion to capitalize on booming AI data center cooling demand, targeting $550 million in near-term sales.