Here’s a list of key deals reported across sectors this week:
- PNC Financial Services Group (NYSE:PNC) announced a definitive agreement to acquire the Lakewood, CO-headquartered FirstBank Holding for ~$4.1B.
- Warner Bros. Discovery (NASDAQ:WBD) jumped 35% on a report that Paramount Skydance (NASDAQ:PSKY) is preparing a majority cash bid for the entertainment giant. Paramount Skydance climbed 9%.
- NeoVolta (NASDAQ:NEOV) has signed a letter of intent to acquire strategic assets of Neubau Energy, positioning the combined entity to capture a significant share of the rapidly expanding residential energy storage market.
- ZenaTech (NASDAQ:ZENA) said on Tuesday that it has signed an offer to acquire a Southeast US-based warehouse and inventory management services company serving a principal service branch of the US Department of Defense.
- RingCentral (NYSE:RNG) announced the acquisition of CommunityWFM, a cloud-based, AI-first contact center workforce management software solution.
- Teck Resources (TECK.B:CA) (NYSE:TECK) and London-listed miner Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) on Tuesday said that they have reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals company headquartered in Canada.
- Mitsubishi Electric (OTCPK:MIELY) has agreed to acquire Nozomi Networks, a U.S.-based company specializing in OT, IoT and CPS security.
- SentinelOne (NYSE:S) will acquire Observo AI, the category-defining data streaming platform for AI-native telemetry pipeline management.