Mergers

The boards of Power Finance Corporation and REC Ltd have approved a merger scheme that will create India's largest power financier.

22 Mwezi wa sita, 2026 Imeripotiwa na AI

Four prominent Ethiopian law offices have merged to establish Taza Legal LLP, aiming to provide local alternatives to foreign firms in corporate legal services.

Elemental Royalty Corporation has made available a slide deck in connection with an M&A call involving Vizsla Royalties Corp.

4 Mwezi wa tano, 2026 Imeripotiwa na AI

Spirit Airlines has ceased all operations, canceling every scheduled flight and stranding thousands of passengers. Treasury Secretary Scott Bessent blamed the Biden administration's opposition to its merger with JetBlue for the collapse. The shutdown follows a failed $500 million bailout attempt by the Trump administration.

JFB Construction, listed on NASDAQ as JFB, is merging with Xtend, an Israeli developer of drone and AI robotics technology, to create Xtend AI Robotics. The deal aims to provide Xtend access to US public markets and leverages a $71 million contract backlog. Analysts see potential upside for JFB shareholders.

17 Mwezi wa tatu, 2026 Imeripotiwa na AI

On March 17, Cementos Argos' board approved the abbreviated merger commitment, with Cementos Argos as the absorbing entity and Concretos Argos as the absorbed one. The firm requested a bondholders' assembly for March 20, awaiting approvals including from Colombia's Superintendencia Financiera.