924 material Form 8-K filings that 737 companies we cover made with the SEC in January 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Rayonier closed its merger with PotlatchDeltic on January 30, 2026, converting each PotlatchDeltic share into 1.8185 Rayonier common shares and $0.61 in cash. The Rayonier board was reconstituted to ten directors, and the combined company will keep the Rayonier name and trade under RYN starting February 2, 2026.
Each PotlatchDeltic common share converted into 1.8185 Rayonier common shares plus $0.61 in cash
Rayonier issued approximately 140.9 million common shares in connection with the merger
Eric J. Cremers, former PotlatchDeltic CEO, became Executive Chairman for a two-year term; Scott R. Jones became Lead Independent Director
Mark D. McHugh will serve as President and CEO for a four-year term, with an annual base salary of $950,000
NRG Energy completed its acquisition of 18 natural-gas-fired generation facilities and the CPower virtual power plant platform from LS Power, which the company says doubles its generation fleet to about 25 GW. The purchase price included $6.4 billion in cash, 24,250,000 newly issued NRG common shares, and about $3.2 billion of assumed debt, so the deal adds both cash and debt obligations and dilutes existing holders.
Purchase price: $6.4 billion in cash, 24,250,000 shares of common stock issued to sellers, and about $3.2 billion of assumed debt.
Acquired 18 natural-gas-fired facilities totaling about 13 GW, plus CPower's commercial and industrial VPP platform.
Cash portion funded partly by October 8, 2025 notes ($1.25 billion senior secured and $3.65 billion senior unsecured) and revolver borrowings.
Sellers' shares are locked up until July 30, 2026; NRG must file a Form S-3 resale registration for those shares; $1,500 million Lightning notes due 2032 and a $1.75 billion term loan were also disclosed.
SM Energy completed its all-stock merger with Civitas Resources on January 30, 2026, and the combined company will keep the SM ticker. The company also amended its credit agreement, raising lender commitments and the borrowing base and extending the facility's maturity, and it assumed Civitas's senior notes, which now add to its debt.
Both companies' stockholders approved the merger on January 27, 2026; Beth McDonald became CEO and the board grew to 11 members.
Revolving commitments rose from $2.0 billion to $2.5 billion, the borrowing base rose from $3.0 billion to $5.0 billion, and maturity was extended to January 30, 2031.
The company assumed five series of Civitas senior notes, with coupons from 5.000% to 9.625% and maturities from 2026 to 2033.
The company said it expects $200 million to $300 million in annual synergies and at least $1.0 billion in divestitures over the next year.
Illumina completed its acquisition of SomaLogic and related aptamer-based and functional proteomics assets from Standard BioTools on January 30, 2026, paying $350 million in cash at closing, subject to customary adjustments. The deal adds up to $75 million in potential milestone payments and royalties tied to product and service revenue, and Illumina said it funded the purchase with cash on hand. The filing does not give financial results for the acquired business, which Illumina said it will discuss on its February 5, 2026 earnings call.
Purchase price of $350 million in cash at closing, subject to customary adjustments
Up to $75 million in potential milestone payments to Standard BioTools, plus royalty streams
Transaction completed January 30, 2026; agreement dated June 22, 2025
Illumina will discuss the financial implications on its February 5, 2026 earnings call
On January 23, 2026, Lake Superior Acquisition Corp. entered into a definitive Business Combination Agreement with Openmarkets Group Pty Ltd (OMG), an Australian company, and its seller, BMYG OMG Pty Ltd. The seller would contribute OMG's shares for approximately 30,000,000 Purchaser Shares, with up to 70,000,000 additional shares payable on milestones, which would add substantial new shares for existing holders. Completion depends on Lake Superior shareholder approval, regulatory clearances, and other conditions, and the deal may be terminated if it is not completed by December 31, 2026.
Seller to receive approximately 30,000,000 Purchaser Shares for OMG, each with a deemed value of $10.00, subject to adjustment for net indebtedness, working capital and indemnification.
Up to 70,000,000 additional Purchaser Shares may be issued on milestones: 30,000,000 tied to Australian regulatory approvals and up to 40,000,000 tied to client assets as of December 31, 2028, with performance shares capped at $400,000,000
Closing requires approval by Lake Superior shareholders and governmental and antitrust clearances; either side may terminate if the deal is not completed by December 31, 2026.
Palo Alto Networks completed its previously announced merger with Chronosphere, Inc. on January 29, 2026, and Chronosphere is now a wholly owned subsidiary. The filing does not disclose the purchase price or financial terms, so shareholders cannot assess the deal's size or financial effect from this document alone.
Closing date: January 29, 2026; Merger Sub merged into Chronosphere, which continues as the surviving corporation.
Chronosphere becomes a wholly owned subsidiary of Palo Alto Networks.
Martin Mao, Chronosphere co-founder and CEO, is joining Palo Alto Networks as SVP, GM Observability.
The Chronosphere Telemetry Pipeline remains available as a standalone product, according to the press release.
Unitil signed Amendment No. 1 to its Purchase and Sale Agreement with Aquarion Water Authority and South Central Connecticut Regional Water Authority on January 23, 2026. The amendment moves the agreement's termination date from January 23, 2026 to February 23, 2026, and the filing says the rest of the agreement is unchanged. The filing does not state the purchase price, so shareholders can only see that the deadline for the pending acquisition has been extended by one month.
Amendment dated January 23, 2026 replaces January 23, 2026 with February 23, 2026 as the Termination Date in Section 8.1(d).
Original Purchase Agreement dated May 6, 2025 covers all issued and outstanding shares of Aquarion Water Company of Massachusetts, Aquarion Water Company of New Hampshire and Abenaki Water Co., Inc.
Except for the termination date change, the Purchase Agreement remains unchanged, according to the filing.
Gentherm entered definitive agreements on January 29, 2026, to combine with Modine's Performance Technologies business through a Reverse Morris Trust transaction. After the spin-off and merger, Gentherm's existing shareholders would own about 60.0% of the combined company and former SpinCo shareholders about 40.0%, on a fully diluted basis. The deal requires Gentherm shareholder approval and other conditions, so shareholders will have to weigh the terms once the filing is complete.
Modine will spin off its Performance Technologies business as SpinCo, which will then merge with a Gentherm subsidiary.
Gentherm shareholders would own about 60.0% and former SpinCo shareholders about 40.0% of Gentherm common stock, on a fully diluted basis.
SpinCo will pay Modine $210 million in cash before the distribution, subject to adjustment.
Closing requires Gentherm shareholder approval and a 364-day bridge loan facility is expected to be replaced with permanent financing.
On January 29, 2026, VSE Corporation agreed to acquire Precision Aviation Group for up to $2.025 billion, made up of $1.75 billion in cash and $275 million in newly issued shares, plus up to $125 million in contingent payments tied to PAG's 2026 profitability. The deal is expected to close in the second quarter of 2026, subject to U.S. antitrust and Australian and UK foreign investment approvals, and lenders have committed up to $1.95 billion of new financing. VSE also released preliminary, unaudited 2025 results, with full-year revenue of about $1,101 million to $1,115 million, though the filing gives no prior-year comparison.
Upfront price of $2.025 billion: $1.75 billion cash plus $275 million in VSE stock, with up to $125 million more in earnout payments tied to 2026 profitability targets
Debt commitment letter for up to $1.95 billion of new financing, plus backstop commitments for VSE's existing revolving credit facility and term loan A
Expected closing in the second quarter of 2026; agreement can be terminated if closing has not occurred by July 29, 2026, with a possible three-month extension
Preliminary full-year 2025 revenue of about $1,101 million to $1,115 million and adjusted EBITDA of about $176 million to $184 million; full results and 2026 outlook due next month
Kadant Inc. has agreed to buy voestalpine BÖHLER Profil, an Austrian maker of tailor-made special profiles and industrial knives, for approximately 157.0 million Euros in cash, subject to customary adjustments. The deal is expected to close in the first quarter of 2026, pending certain Austrian regulatory approvals, and will be financed primarily through borrowings under Kadant's revolving credit facility, according to the press release. The target reported revenue of 51.5 million Euros for the fiscal year ended March 31, 2025.
Purchase price is approximately 157.0 million Euros in cash, subject to customary adjustments
Expected closing in the first quarter of 2026; no financing condition in the agreement
Target had about 150 employees and revenue of 51.5 million Euros for the fiscal year ended March 31, 2025
Conference call and webcast on February 3, 2026 at 11:00 a.m. Eastern Time
On January 27, 2026, Prosperity Bancshares agreed to merge with Stellar Bancorp, with Stellar shareholders receiving 0.3803 Prosperity shares plus $11.36 in cash for each Stellar share. The Stellar board unanimously approved the deal, and directors holding about 8.8% of Stellar's shares have agreed to vote in favor, but the merger requires Stellar shareholder approval, regulatory approvals, and other customary conditions before closing.
Each Stellar common share converts into 0.3803 Prosperity common shares plus $11.36 in cash, with cash paid in lieu of fractional shares.
Stellar Bank will merge into Prosperity Bank, and two Stellar or Stellar Bank directors will join the Prosperity board and the Prosperity Bank board.
Stellar will pay Prosperity a $78 million termination fee under certain circumstances.
Closing requires Stellar shareholder approval and approval or waiver from the Federal Reserve, FDIC and Texas Department of Banking, among other conditions.
MSCI and its subsidiary MSCI Limited amended their index license agreements with BlackRock Fund Advisors for exchange-traded funds, extending the term to March 31, 2035, with auto-renewals of three years thereafter unless notice is given. The amendment revises license fees for certain funds starting January 1, 2026, with further changes effective January 1, 2027, and the filing says it does not otherwise make material changes to the existing fee structure.
Amendment dated January 27, 2026 extends the Existing ETF Agreements to March 31, 2035
After 2035, each agreement auto-renews for successive three-year periods unless either party gives written notice of termination before the term ends
License fees for certain funds change starting January 1, 2026, with additional changes effective January 1, 2027, based on each fund's expense ratio and assets under management
Prosperity Bancshares reported fourth quarter 2025 net income of $139.9 million, up 7.6% from $130.1 million a year earlier, with diluted EPS of $1.49 versus $1.37. The company also signed a definitive merger agreement to acquire Stellar Bancorp, which it values at approximately $2.002 billion, paid in Prosperity common stock plus cash, so existing shareholders' stake would be affected by the share issuance.
Q4 2025 net income $139.9 million vs. $130.1 million in Q4 2024; diluted EPS $1.49 vs. $1.37
Full-year 2025 net income $542.8 million, up 13.2%; diluted EPS $5.72, up 13.3%
Stellar merger terms: 0.3803 Prosperity shares plus $11.36 cash per Stellar share; total consideration approximately $2.002 billion based on the $72.90 closing price on January 27, 2026
Southwest Bancshares acquisition expected to become effective February 1, 2026
Hecla Mining agreed to sell its Hecla Quebec subsidiary, which owns the Casa Berardi operation and a portfolio of exploration properties in Quebec, to Orezone Gold for up to $593 million in total consideration. The deal is expected to close in the first quarter of 2026, subject to conditions, and Hecla says the cash proceeds will go toward debt reduction as it focuses on its silver assets.
Cash consideration of $160 million due at closing, plus about 65.7 million Orezone common shares currently valued at about $112 million
Deferred cash of $80 million ($30 million at 18 months, $50 million at 30 months) and contingent consideration of up to $241 million
Expected closing in the first quarter of 2026, subject to conditions being satisfied
Alamo Group Inc. completed its acquisition of Petersen Industries, a maker of truck-mounted grapple loader equipment, on January 26, 2026. The total consideration was approximately $166.5 million on a cash-free, debt-free basis, subject to certain closing adjustments. The deal was first agreed on December 10, 2025, and the filing does not provide Petersen's revenue or earnings.
Total consideration paid was approximately $166,500,000, cash-free and debt-free, subject to closing adjustments
Agreement to acquire 100% of Petersen Industries signed December 10, 2025; closed January 26, 2026
Petersen manufactures truck-mounted grapple loader equipment for municipal and industrial customers
Acquisition was made through wholly-owned subsidiary Alamo Group (USA) Inc.
Nicolet Bankshares shareholders approved the merger with MidWest One and the related share issuance at a special meeting on January 26, 2026, and also approved raising authorized common shares from 30,000,000 to 60,000,000. The company said it has received all regulatory approvals, expects to complete the merger on February 13, 2026, if other closing conditions are met, and its board approved a $60 million increase to its stock repurchase authorization.
Merger proposal: 10,229,249 votes for, 48,210 against, 18,945 abstain, and 1,257,200 broker non-votes
Authorized share increase approved: 11,240,298 for and 267,339 against
Repurchase authorization raised by $60 million; about $19 million remained available at December 31, 2025
Equity awards of 101,000 restricted stock units with $13 million aggregate grant-date value; Michael E. Daniels received 20,000
BioMarin estimated unaudited 2025 total revenues of about $3.2 billion and cash, equivalents and investments of about $2.1 billion as of December 31, 2025, ahead of full results due in February 2026. It also announced plans for an $850 million senior unsecured notes offering and a new $2 billion senior secured term loan B, which it says will help fund its pending acquisition of Amicus Therapeutics, adding substantial new debt for shareholders to weigh.
Preliminary 2025 total revenues of about $3.2 billion, including about $920 million from VOXZOGO sales (unaudited)
Cash, cash equivalents and investments of about $2.1 billion as of December 31, 2025 (unaudited)
Planned $850 million senior unsecured notes due 2034 in a private placement; gross proceeds to be held in escrow pending the Amicus acquisition
Amicus holders to receive $14.50 per share in cash; aggregate transaction value of about $5,235.0 million; notes must be redeemed if the deal is not completed by December 19, 2026
Leidos agreed on January 23, 2026 to buy ENTRUST Solutions Group, an engineering and design firm serving utilities, for a base price of $2.4 billion in cash, subject to customary adjustments. The company expects the deal to close in the second quarter of 2026 and says it will be immediately accretive to revenue growth and adjusted EBITDA margin, and accretive to non-GAAP diluted EPS in 2027.
Base purchase price of $2.4 billion in cash, adjusted for ENTRUST's cash, debt, transaction expenses and net working capital
Financing includes a $1.4 billion 364-day bridge facility from Citigroup, with the company also citing $500 million of cash on hand and $500 million of commercial paper in its investor presentation
Closing expected in Q2 2026, subject to HSR antitrust waiting period and other conditions; either party may terminate if the deal is not closed by August 14, 2026
Investor presentation shows pro forma gross leverage of 2.6x at close
International Paper completed the sale of its Global Cellulose Fibers business to funds affiliated with American Industrial Partners on January 23, 2026, for $1.5 billion, which includes preferred stock of the buyer's parent with an aggregate initial liquidation preference of $190 million. The filing says the sale covers the company's entire GCF business and was made under a securities purchase agreement dated August 20, 2025.
Purchase price of $1.5 billion, including preferred stock with an aggregate initial liquidation preference of $190 million
Sale agreement dated August 20, 2025, as amended; closing completed January 23, 2026
The business sold generated approximately $2.3 billion in revenue in 2024, excluding closed mills
GCF has 3,300 employees globally and nine manufacturing facilities
Capital One Financial Corporation signed a merger agreement on January 22, 2026 to acquire Brex Inc., a business payments and spend management software company, for $5.15 billion in aggregate consideration. The deal is paid with about $2.75 billion in cash and about 10.6 million shares of Capital One common stock, and it is expected to close in the middle of calendar 2026 subject to closing conditions, including regulatory approvals. The filing does not state the expected effect on Capital One's earnings or share count beyond the shares to be issued.
Total consideration is $5.15 billion, subject to adjustments in the Merger Agreement.
Consideration includes about $2.75 billion in cash and about 10.6 million shares of Capital One common stock.
Closing is expected in the middle of calendar year 2026, subject to customary conditions and required regulatory approvals.
Brex founder and CEO Pedro Franceschi will continue to lead Brex as part of Capital One.
On January 15, 2026, Worthington Steel and its German subsidiary Worthington Steel GmbH signed a business combination agreement with Kloeckner & Co SE, under which the subsidiary will launch a voluntary cash takeover offer for Kloeckner shares at €11.00 each. The company expects the deal to be substantially accretive to EPS within the first full year and to generate about $150 million of annual run-rate synergies, but it anticipates pro forma net leverage of about 4.0x at closing, with a goal of getting below 2.5x within 24 months.
Offer price is €11.00 in cash per Kloeckner share, with closing conditions including acceptance by holders of at least 65% of Kloeckner shares.
SWOCTEM GmbH, which owns approximately 42% of Kloeckner shares, agreed in an Irrevocable Undertaking to accept the offer.
The company's Equity Commitment Letter provides financing of up to €1,632,000,000, and Worthington expects pro forma net leverage of about 4.0x including synergies at closing.
Closing is expected in the second half of calendar 2026, and the regulatory condition must be satisfied by the Long Stop Date, 12 months after the initial acceptance period expires.
Assured Guaranty's UK subsidiary closed its purchase of Warwick Company (UK) Limited on January 21, 2026, for approximately $158 million in cash, subject to post-closing adjustments. The Bermuda-based reinsurer, renamed Assured Life Reinsurance Ltd., gives the company an entry into the annuity reinsurance market. The filing does not report financial results of the acquired business, so its effect on earnings is not quantified.
Purchase price of approximately $158 million in cash, subject to post-closing adjustments; part held by an escrow agent pending a final book value based on the December 31, 2025 balance sheet
Acquired Warwick Re Limited, a Bermuda Class E life reinsurer, and renamed it Assured Life Reinsurance Ltd.
Dan Bevill named President of Assured Life Re, which plans to reinsure fixed-term and pension risk transfer annuities
Pursuit Attractions and Hospitality agreed on January 21, 2026 to sell its Flyover flying theater attractions business to Flyover Attractions B.V. for $78.4 million in cash, subject to post-closing adjustments. Closing depends on customary conditions, including required regulatory approvals, and either party may terminate if closing has not occurred by May 21, 2026.
Purchase price is $78.4 million in cash, subject to post-closing adjustments for debt, cash, working capital and certain unpaid expenses
Company would receive a $10.0 million termination fee from the Buyer if the Buyer fails to close in specified circumstances
Outside termination date is May 21, 2026; the Buyer has obtained a representations and warranties insurance policy
Full Purchase Agreement will be filed as an exhibit to the Form 10-K for the year ended December 31, 2025
Verizon said on January 20, 2026 that it completed its previously announced acquisition of Frontier Communications Parent, Inc. under a merger agreement dated September 4, 2024. Frontier became a wholly owned Verizon subsidiary, and each outstanding Frontier share was converted into the right to receive $38.50 in cash. For Verizon shareholders, the filing confirms closing of a large deal but does not disclose its financial terms beyond the per-share price paid to Frontier holders.
Acquisition completed January 20, 2026 under a merger agreement dated September 4, 2024
Frontier common stock converted into the right to receive $38.50 per share in cash
Frontier survives the merger as a wholly owned subsidiary of Verizon
Shares owned by Verizon, Frontier or Merger Sub were cancelled for no consideration
ASGN Incorporated said it signed a definitive agreement to acquire Quinnox Inc. for $290 million in cash, with closing expected in March 2026, and that fourth-quarter 2025 revenue and Adjusted EBITDA are expected to be at the high end of previously announced ranges. The filing says Quinnox generated approximately $100 million in revenue in 2025 and that the deal is expected to be accretive to Adjusted EPS in the first full year after closing.
Q4 2025 revenue expected at the high end of the $960 million to $980 million guidance range
Q4 2025 Adjusted EBITDA expected at the high end of the $102 million to $107 million range
Quinnox acquisition for $290 million in cash, expected to close in March 2026, subject to closing conditions including Hart-Scott-Rodino review
ASGN has $972 million remaining under its recently announced $1 billion share buyback program
Netflix and Warner Bros. Discovery amended their pending merger agreement so that the $27.75 per share consideration will be paid entirely in cash instead of a mix of cash and Netflix stock. The companies say the change gives WBD stockholders more certainty of value and speeds the path to a stockholder vote, which they expect by April 2026.
Merger consideration of $27.75 per WBD share is now fully cash, versus a prior mix of cash and Netflix common stock
WBD stockholder vote expected by April 2026; WBD filed a preliminary proxy statement on January 20, 2026
Specified Amount of SpinCo net debt set at $17.0 billion as of June 30, 2026, reduced by $260 million from the original agreement
Closing remains subject to the Discovery Global separation, regulatory approvals and WBD stockholder approval
Worthington Enterprises' Building Products segment completed its acquisition of LSI Group, LLC from Baker Group Holdings on January 16, 2026, for approximately $205 million, subject to closing adjustments. The filing says the deal adds a maker of standing-seam metal roof clips and retrofit components to the company's building envelope business, funded mainly from existing cash and revolving credit borrowings.
Purchase price of approximately $205 million, subject to closing adjustments, plus a possible tax equalization payment of up to $3 million
Acquisition closed January 16, 2026; funded primarily from existing cash and revolving credit facility borrowings
LSI includes BPD, Logan Stampings, LSI Metal Fabrication and Roof Hugger, based in Logansport, Indiana
Chemours, through its Taiwan subsidiary, signed four real estate purchase agreements on January 15, 2026, to sell ten parcels of land in Kuan Yin, Taiwan, for a total price of approximately $360 million. The company plans to use the proceeds to reduce its debt, and closings are expected by mid-year 2026, subject to closing conditions and local regulatory approval including environmental conditions.
Total purchase price is approximately $360 million, stated as gross cash proceeds before customary taxes and fees.
Four buyers include Century Wind Power, Century Iron and Steel Industrial, Century Huaxin Wind Energy and Mr. Lai Wen-Hsiang.
Closings are expected to occur by mid-year 2026 and require local regulatory approval.
The filing states the transaction was negotiated on an arms-length basis and that no other material relationship exists with the buyers.
On January 14, 2026, Boston Scientific entered a Merger Agreement under which Penumbra will merge into a Boston Scientific subsidiary and become a wholly owned subsidiary. Penumbra stockholders can elect $374.00 in cash or 3.8721 Boston Scientific shares per share, subject to proration that sets 73.26% of shares for cash and 26.74% for stock. Completion depends on Penumbra stockholder approval, antitrust and other regulatory clearances, and other conditions, and the filing excerpt ends before the full termination terms are described.
Cash election: $374.00 per Penumbra share; stock election: 3.8721 Boston Scientific shares per Penumbra share
Proration: 73.26% of Penumbra shares receive cash and 26.74% receive Boston Scientific stock
Penumbra equity awards: $274.00 in cash plus 1.0353 Boston Scientific shares, measured against a 10-day average trading price
Penumbra would pay Boston Scientific a $525,000,000 termination fee in specified circumstances
Penumbra agreed on January 14, 2026 to merge with Boston Scientific, which will acquire it in a deal valued at $374 per share and an enterprise value of approximately $14.5 billion. The same day, Penumbra released preliminary fourth quarter and full year 2025 revenue that grew 17.3% to 17.5% for the year, and the merger requires Penumbra stockholder approval and other closing conditions.
Each Penumbra share can be exchanged for $374 in cash or 3.8721 Boston Scientific shares, subject to proration to about 73% cash and 27% stock.
Boston Scientific expects to finance the approximately $11 billion cash portion with cash on hand and new debt.
The transaction is expected to close in 2026, subject to Penumbra stockholder approval and customary conditions, and Penumbra stock would be delisted from the NYSE.
Preliminary full year 2025 revenue of $1,401.3 million to $1,403.1 million, up 17.3% to 17.5%; fourth quarter revenue of $383.0 million to $384.8 million, up 21.4% to 22.0%.
Talen Energy agreed to acquire the Lawrenceburg, Waterford and Darby gas-fired plants, about 2.6 gigawatts of capacity in Ohio and Indiana, from Energy Capital Partners for $3.45 billion. The price is about $2.55 billion in cash, which Talen expects to fund with new debt, plus 2.4 million new Talen shares to ECP. The deal is expected to close early in the second half of 2026, subject to regulatory approvals, and the company says it will be accretive to adjusted free cash flow per share.
Purchase price of $3.45 billion: about $2.55 billion in cash and about $900 million in Talen stock (2.4 million shares)
ECP would own about 5% of pro forma combined Talen equity, per the company's estimate
Expected close early in the second half of 2026; requires HSR waiting period expiration and approvals from FERC and the Indiana Utility Regulatory Commission
Resale of the new shares is to be covered by a registration rights agreement, with 90-day and 180-day lock-ups
Array Digital Infrastructure, a subsidiary of TDS, completed the sale of select spectrum assets to AT&T on January 13, 2026, receiving $1.018 billion in cash under a purchase agreement dated November 6, 2024. The same day, Array's board declared a $10.25 per share special cash dividend, which gives Array stockholders, including TDS, a cash payment tied to the sale proceeds.
Sale closed January 13, 2026, with the full $1.018 billion purchase price paid in cash and no portion deferred.
$232 million of the purchase price was allocated to 700 MHz Designated Entity Spectrum Licenses held by entities in which Array now holds 100% of the equity.
Array declared a special cash dividend of $10.25 per share, with a record date of January 23, 2026 and a payment date scheduled for February 2, 2026.
As of January 13, 2026, TDS held 33,005,877 shares of Array Series A Common Stock and 37,782,608 shares of Common Stock.
Charles River Laboratories said at a J.P. Morgan conference that demand for its Discovery and Safety Assessment business improved through the second half of 2025, with a preliminary fourth-quarter book-to-bill of about 1.1x. The company also signed an agreement to buy K.F. (Cambodia) Ltd. for about $510 million and is exercising an option to buy the remaining 79% of PathoQuest SAS for about $60 million, which it expects to help non-GAAP earnings per share.
Preliminary DSA net book-to-bill of approximately 1.1x in Q4 2025; the company says the figure may change once audited 2025 results are complete
K.F. (Cambodia) Ltd. purchase price about $510 million, expected to close early in Q1 2026, with accretion of about $0.25 to 2026 and $0.60 to 2027 non-GAAP EPS
PathoQuest SAS remaining 79% stake for €51.6 million (about $60 million), expected to close by end of Q1 2026
2026 outlook: top end of organic revenue growth ranges expected to be at least flat; incremental cost savings above $100 million
Amphenol completed its acquisition of CommScope's Connectivity and Cable Solutions (CCS) business on January 9, 2026, for approximately $10.5 billion in cash, subject to customary post-closing adjustments. Amphenol expects the business to generate approximately $4.1 billion in full-year 2026 sales and to add approximately $0.15 to 2026 diluted earnings per share, excluding acquisition-related expenses. Financial statements and pro forma information for the business will be filed later by amendment.
Acquisition closed January 9, 2026, for approximately $10.5 billion in cash, subject to customary post-closing adjustments
Expected full-year 2026 sales for the CCS business of approximately $4.1 billion
Expected accretion of approximately $0.15 to 2026 diluted EPS, excluding acquisition-related expenses
CCS business will join the Communications Solutions Segment, with approximately 20,000 employees
Allegiant agreed on January 11, 2026 to merge with Sun Country Airlines, with Sun Country becoming a wholly owned subsidiary. Sun Country holders would receive $4.10 in cash and 0.1557 Allegiant shares per share, and the companies say the deal values Sun Country at about $1.5 billion including $0.4 billion of net debt. The deal requires stockholder, regulatory and other approvals and is expected to close in the second half of 2026, with Allegiant shareholders owning about 67% of the combined company.
Sun Country holders would receive $4.10 in cash plus 0.1557 Allegiant shares per share, an implied $18.89 per share, a 19.8% premium to the $15.77 closing price on January 9, 2026.
Allegiant shareholders would own about 67% of the combined company and Sun Country shareholders about 33%, on a fully diluted basis.
Allegiant expects $140 million in annual synergies within three years of closing and says the deal should be accretive to earnings per share one year after closing.
Termination fees range from $30 million to $52.23 million depending on the circumstances, and the agreement can be terminated if the merger is not completed by January 11, 2027.
TransMedics entered a lease on January 8, 2026 for about 498,286 square feet at 188 Assembly Park Drive in Somerville, Massachusetts, to serve as its new headquarters beginning on or before January 1, 2028, replacing its Andover site. The filing also discloses initial annual base rent of about $23.9 million, an $18 million letter of credit security deposit, and the purchase of two adjacent parcels for $15.0 million each.
Lease covers about 498,286 square feet; base rent initially about $23.9 million per year, rising 2% annually
Lease initial term is 192 months from the Rent Commencement Date, with two ten-year extension options
Security deposit delivered as a letter of credit of about $18 million
On January 8, 2026, the company bought two adjacent Somerville parcels for $15.0 million each, plus related costs
FIS completed its acquisition of Global Payments' Issuer Solutions business on January 9, 2026, paying approximately $7.7 billion in cash and exchanging its Worldpay stake for the business. The company says the deal adds a credit issuing processing business and expects it to add $500 million in incremental Adjusted Free Cash Flow in 2026 and $700 million by 2028, though the filing includes no reported financial results for the acquired business.
Closed January 9, 2026; FIS paid approximately $7.7 billion in cash, subject to customary post-closing adjustments.
Issuer Solutions valued at a $13.5 billion enterprise value; Worldpay valued at a $24.25 billion enterprise value.
FIS expects an additional $500 million in Adjusted Free Cash Flow in 2026 and $700 million by 2028.
Financial statements for the acquired business and pro forma information will be filed by amendment within 71 calendar days.
Global Payments said on January 12, 2026 that it completed its acquisition of Worldpay from FIS and GTCR and sold its Issuer Solutions business to FIS. The filing also issued stock to GTCR, which now holds approximately 15.45% of Global Payments common stock, and set lock-up, standstill and registration terms for those shares. Shareholders face a larger share count and a new ownership stake, and the company said it expects to reduce adjusted net leverage to 3.0x within 18 to 24 months.
Acquisition of Worldpay and divestiture of Issuer Solutions to FIS completed, announced January 12, 2026
Stock Consideration issued to GTCR on January 9, 2026; GTCR now holds approximately 15.45% of outstanding common stock
Lock-up: 35% of GTCR's shares released 12 months after closing, 15% at 15 months, remainder at 18 months
Company expects to reduce adjusted net leverage to 3.0x within 18 to 24 months and plans to invest over $1 billion annually
Acushnet Cayman, a subsidiary of Acushnet Holdings, signed a Subscription and Shareholders' Agreement on January 6, 2026 to form ACL FootJoy Pte. Ltd. with Myre Overseas Corp. The joint venture will source materials for and contract manufacturing of footwear in Vietnam, with Acushnet holding the sole right to purchase and distribute the output. The filing discloses no dollar amounts, so the financial effect on shareholders is not quantified.
Acushnet Cayman owns 40% and Myre Overseas Corp. owns 60% of ACL FootJoy Pte. Ltd.
Acushnet Cayman appoints three of up to six board directors and the board chair, who holds a casting vote
Acushnet Cayman and its designees have sole rights to buy, distribute and sell all products made at the Footwear Factories
Effective January 1, 2026, Topgolf Callaway Brands completed the sale of a 60% stake in its Topgolf and Toptracer businesses to affiliates of Leonard Green & Partners for about $800 million in net proceeds. The company used $1 billion of the proceeds to repay term loan B borrowings, authorized a $200 million stock repurchase program, and retains a 40% stake in Topgolf. For shareholders, the deal lowers the company's debt and adds a buyback, but the company gives up majority ownership of Topgolf.
Purchase price for the Topgolf equity interests was $660 million; net proceeds including related financing were about $800 million, subject to later adjustments
Company repaid $1 billion of term loan B borrowings; about $480 million of debt remained immediately after, with about $680 million of unrestricted cash
Board authorized repurchases of up to $200 million of common stock, with no required number of shares
Corporate name to change back to Callaway Golf Company on or about January 15, 2026; NYSE ticker to change from MODG to CALY on or about January 16, 2026
Constellation Energy completed its acquisition of Calpine Corporation on January 7, 2026, and Calpine's senior notes and CCFC term loan remain outstanding obligations of its subsidiaries. Former Calpine stockholders who received Constellation shares obtained registration rights, and half of those shares are locked up until June 30, 2026, with the rest locked up until June 30, 2027, which could affect share supply in 2026 and 2027.
Acquisition of Calpine from Energy Capital Partners closed January 7, 2026; the combined company cites 55 gigawatts of capacity and 2.5 million retail and business customers
Calpine remains issuer of $1,400 million 5.125% Senior Notes due 2028 and $1,250 million 4.500% Senior Secured Notes due 2028, among other notes
CCFC term loan, originally dated December 15, 2017, remains in place; the notional principal was increased to $1.875 billion in September 2024
Company must file a Form S-3 registration statement on the closing date to register resale of shares issued to former Calpine holders
Atmus Filtration Technologies completed its acquisition of Koch Filter Corporation for approximately $450 million in cash, subject to customary adjustments, and entered an amended credit agreement providing a $1.0 billion term loan and a $500 million revolving credit facility maturing January 7, 2031. The new debt replaces the prior $600 million term loan, of which about $570 million was outstanding, and funds part of the acquisition, so shareholders will see higher borrowing and a new Industrial Solutions segment.
Koch Filter acquisition closed January 7, 2026, for approximately $450 million in cash, subject to purchase price adjustments.
Credit facilities total $1.5 billion: $1.0 billion term loan and $500 million revolver, both maturing January 7, 2031.
Term loan will be fully drawn to refinance the prior term loan (about $570 million outstanding), help fund the acquisition and cover fees.
Financial covenants require a Total Leverage Ratio of no more than 4.00 to 1.00 and an Interest Coverage Ratio of at least 3.00 to 1.00.
National Bank Holdings Corp completed its acquisition of Vista Bancshares, Inc. on January 7, 2026, merging Vista into NBHC and combining Vista Bank with NBH Bank. The company says the deal gives it about $12.6 billion in pro forma assets and $10.7 billion in pro forma deposits, and Vista shareholders will own about 16% of NBHC on a fully diluted basis.
Vista shareholders receive 3.1161 NBHC Class A shares plus $31.62 cash per share, with a $151.68 merger consideration value used for options and warrants.
About $84.8 million of cash consideration goes to Vista shareholders, pending adjustment; $9.5 million is held in escrow until the tangible common equity adjustment is final.
Total transaction value is about $377.4 million based on the January 6, 2026 NBHC closing price.
Board size rose to 10 with the appointment of Kirk A. McLaughlin, former Vista director; CEO Tim Laney and President Aldis Birkans received restricted stock awards.
Crane Company completed its purchase of Precision Sensors & Instrumentation (PSI) from Baker Hughes on January 1, 2026, under a purchase agreement dated June 6, 2025. The filing states a purchase price of $1,060 million, before contractual adjustments for working capital, cash acquired and certain transaction costs. Crane said it will discuss the acquisition on its fourth quarter 2025 earnings call on January 27, 2026.
Acquisition completed January 1, 2026; the Company acquired 100% of PSI through Panametrics, LLC
Purchase price of $1,060 million, after adjusting for expected tax benefits with a net present value of approximately $90 million
Sellers were Baker Hughes Holdings LLC and Bently Nevada, LLC
Fourth quarter 2025 earnings release set for January 26, 2026; teleconference January 27, 2026 at 10:00 AM Eastern
On December 31, 2025, Vistra agreed to buy Cogentrix Energy's roughly 5,500 MW of natural gas generation, with a net purchase price of about $4.0 billion. Consideration includes about $2.3 billion in cash, 5,000,000 new Vistra common shares valued at $185 per share, and assumption of about $1.5 billion of Cogentrix debt. The company expects the deal to close in mid-to-late 2026, subject to regulatory approvals, and the 5 million shares would be issued to the seller.
Cash consideration of about $2.3 billion plus 5,000,000 Vistra shares at $185 per share (about $0.9 billion), with a net purchase price of about $4.0 billion
Portfolio of 10 facilities totaling about 5,500 MW; closing expected mid-to-late 2026, subject to FERC, Hart-Scott-Rodino and state approvals
Vistra expects mid-single-digit Ongoing Operations AFCFbG per share accretion in 2027, a management projection
Reverse termination fees of $77,839,364 (Purchase Agreement) and $72,160,636 (Merger Agreement); Termination Date is after December 31, 2026, subject to extensions
GATX and Brookfield Infrastructure closed the acquisition of Wells Fargo's rail operating lease portfolio on January 1, 2026, through a joint venture in which GATX holds an interest. GATX guaranteed the joint venture's $3.0 billion unsecured term loan, which was fully drawn at closing. GATX expects the deal to be modestly accretive to earnings per share in the first full year after closing, with larger contributions in later years.
Portfolio of about 101,000 railcars; purchase price about $4.2 billion, per GATX's January 5, 2026 press release
Joint venture drew $3.0 billion from an unsecured term loan maturing December 31, 2030; $250 million revolver undrawn at closing
GATX guarantees the joint venture's credit agreement and will serve as exclusive manager of the rail portfolio
GATX will provide 2026 full-year guidance and further deal details on its Q4 2025 earnings call
Ingevity completed the sale of its North Charleston crude tall oil refinery and most of its Industrial Specialties product line to Mainstream Pine Products, LLC on January 1, 2026, and announced the closing on January 5, 2026. The company says the sale is a step in simplifying its portfolio toward specialty applications in activated carbon and pavement technologies, but the filing does not disclose the effect on financial results.
Closing payment of $110 million in cash, plus contingent consideration of $0 to $19 million tied to future performance milestones
Buyer is Mainstream Pine Products, LLC; transaction completed January 1, 2026
Ingevity retains its Pavement Technologies business and lignin-based dispersant products
A January 1, 2026 amendment excluded non-lignin dispersant products sold to existing customers for agricultural chemical applications from the transferred assets
On January 2, 2026, Jacobs agreed to buy the remaining PA Consulting shares held by outside shareholders, mostly current and former employees, for approximately £1.216 billion ($1.6 billion) upfront, paid 80% in cash and 20% in Jacobs common stock. Jacobs expects the deal to be accretive to adjusted EPS in the first 12 months after closing and to close by the end of its fiscal 2026 second quarter, but closing depends on shareholder, UK court and regulatory approvals, and the cash portion will be funded from cash on hand and debt facilities.
Upfront consideration of approximately £1.216 billion ($1.6 billion), with an implied enterprise value for PA Consulting of approximately £3.05 billion
Additional £75 million in deferred consideration, payable in Jacobs shares or cash at Jacobs' election on the second anniversary of closing
Expected to close by the end of fiscal 2026 second quarter; the agreement terminates if closing has not occurred by 5 pm UK time on May 29, 2026
Adjusted EBITDA margin was 13.9% for fiscal 2025 as reported, versus 14.5% had Jacobs fully owned PA Consulting for the full year
PROG Holdings completed its acquisition of Purchasing Power, a voluntary employee benefit program, on January 2, 2026, for approximately $420 million in cash, subject to customary adjustments. The deal was funded with cash on hand and debt, including a $125 million incremental term loan and $135 million of revolving borrowings under an amended credit agreement that raises the permitted leverage covenant to 3.25x for fiscal 2026. The filing does not disclose the acquired business's revenue or earnings.
Purchase price: approximately $420 million in cash, plus about $330 million of non-recourse funding debt that remained in place after closing
Funding: $125 million incremental term loan, $135 million revolving borrowings and cash on hand
Credit agreement fourth amendment dated January 2, 2026; term loan matures November 15, 2029
Maximum total net leverage covenant raised to 3.25x in fiscal 2026, 3.00x in 2027 and 2.50x thereafter
Dana Incorporated completed the sale of its Off-Highway business to Allison Transmission Holdings, Inc. on January 1, 2026, for $2.732 billion in cash, subject to certain adjustments. Dana says the deal will allow it to reduce debt by about $2 billion and return $1 billion to shareholders through 2027, including about $650 million already returned, which matters to shareholders because it changes the company's debt level and capital return plans.
Sale closed January 1, 2026, for $2.732 billion in cash, subject to adjustments.
Buyer is Allison Transmission Holdings, Inc. (NYSE: ALSN); Dana says the deal is valued at 7.5 times the business's expected 2025 adjusted EBITDA.
Dana plans to reduce debt by about $2 billion to reach target net leverage of 1x over the business cycle.
Dana plans to return $1 billion to shareholders through 2027, with about $650 million already returned; the target is $50 million above the prior target.
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