The executive search firm's shares jumped over 19% after agreeing to an all-cash acquisition by an investor group led by Advent International and Corvex.
All-stock transaction marks significant consolidation in the regional banking sector, creating the 9th largest U.S. bank by assets.
Former PayPal chief takes the helm as the telecom giant navigates intense competition and a strategic shift toward customer and financial growth.
The all-cash deal, valued at $210 per share, paves the way for the creation of a diversified energy and industrial technology leader.
Acquisition of a 49% stake from EDP Renewables adds 1.6 GW of solar, wind, and battery storage assets across the U.S.
Analyst cites accelerating DRAM pricing and a cyclical recovery in the memory chip market as key drivers for the bullish outlook.
Chipmaker to deploy 6 gigawatts of GPUs for OpenAI's AI infrastructure, signaling a major challenge to Nvidia's market dominance.
Investors look past share dilution, betting the capital injection will fuel debt reduction and growth in next-generation battery technology.