Acquisition

THEMAC Resources (MACQF) urges shareholders to vote on the proposed acquisition by Tulla Resources Group at $0.08 per share by the October 3, 2025 deadline. The Board and proxy advisor ISS recommend voting in favor of the statutory arrangement. Due to a Canada Post strike, online or telephone voting is strongly encouraged. The special meeting is scheduled for October 7, 2025, focusing on the arrangement under the Yukon Business Corporations Act.

Vistra (VST) received FERC approval to acquire seven natural gas generation facilities from Lotus Infrastructure Partners, adding approximately 2,600 megawatts to its portfolio. The facilities, located across PJM, New England, New York, and California, will enhance Vistra’s power generation capabilities and grid reliability. The deal is expected to close by Q1 2026, pending standard conditions and NYPSC approval. Analysts see the acquisition as aligning with Vistra’s strategy to optimize its generation fleet and capitalize on natural gas demand. The acquired facilities represent modern, efficient natural gas assets, potentially positively impacting Vistra’s earnings.

Sandstorm Gold’s acquisition by Royal Gold has secured key regulatory approvals, pending shareholder and court approvals, and Nasdaq listing. The deal, expected to close early Q4 2025, aims to diversify Royal Gold’s portfolio and enhance growth. Analysts foresee potential synergies from combining Royal Gold’s infrastructure with Sandstorm’s royalty portfolio, leading to cost efficiencies and greater financial capacity. Sandstorm shareholders are urged to vote on the arrangement by October 7, 2025, with online voting encouraged due to potential postal disruptions. Sandstorm holds interests across 40 operating mines and has approximately 230 royalties.

Electronic Arts (EA) is set to be acquired by a consortium led by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners in a $55 billion all-cash deal. Shareholders will receive $210 per share. The privatization of the gaming giant, known for franchises like Battlefield and The Sims, is expected to be one of Wall Street’s largest leveraged buyouts. The deal is subject to regulatory scrutiny and customary closing conditions, with expected closure in early next year. EA shares surged following the announcement.

Genmab will acquire Merus for $97.00 per share in cash, a deal valued at approximately $8.0 billion. This acquisition adds petosemtamab, a late-stage asset with Breakthrough Therapy Designations for head and neck cancer, to Genmab’s portfolio. Petosemtamab has shown promising Phase 2 data and is currently in Phase 3 trials. Genmab anticipates the acquisition accelerating its business model transition, broadening revenue streams and being accretive to EBITDA by the end of 2029. The deal is expected to close in early 2026, pending customary approvals.

HNI Corporation is progressing its $5.7 billion acquisition of Steelcase by launching an exchange offer for Steelcase’s 5.125% notes due 2029. Eligible holders can exchange notes for new HNI notes (up to $450M). Early tenders (by Oct 9, 2025) receive $1,000 in new notes plus $2.50 cash per $1,000 principal; later tenders receive $970. The HNI notes will be secured, unlike the Steelcase notes. The acquisition, targeted for Q4 2025 closing, isn’t contingent on the offer’s success. The exchange offer expires October 27, 2025.

Global Helium Corp. (HECO) is set to hold a shareholder vote on October 16, 2025, regarding a proposed acquisition by 2679158 Alberta Ltd. The arrangement requires a 66⅔% supermajority approval and a simple majority from minority shareholders. Holders of 52.5% of shares have pledged support. The board, excluding a conflicted director, recommends approval. The transaction, expected to close around October 24, 2025, is subject to standard closing conditions, including court and regulatory approvals. A special committee conducted a review of the proposed transaction.

Nvidia acquired AI hardware startup Enfabrica for over $900 million, gaining its technology and talent to strengthen its AI infrastructure dominance. Enfabrica specializes in networking solutions for GPU clusters, interconnecting over 100,000 GPUs for efficient AI workloads. This move streamlines large-scale AI infrastructure deployment.
Nvidia chips fuel the AI revolution after OpenAI’s ChatGPT, The increasing demand for AI talent leads to “acquihires” among tech giants such as Meta, Google, Microsoft, and Amazon. The company continue to expand in AI field by strategic investments.

Deliveroo CEO and co-founder Will Shu is stepping down pending DoorDash’s £2.9 billion ($4 billion) acquisition, expected to finalize on October 2nd. Shu, who founded Deliveroo in 2013, announced his departure after 13 years, citing opportune timing and achieved growth. The acquisition gives DoorDash a significant European presence and access to Deliveroo’s infrastructure. While integration challenges exist, the deal offers potential synergies in technology and market expertise, impacting the competitive landscape of the food delivery industry.

American Heritage International (AHII) has signed an agreement to acquire Freightmaster Semi-Trailers, an Australian heavy transport equipment manufacturer since the 1990s. This supports AHII’s Roadships initiative and development of critical rolling stock, including ship unloaders and specialized trailers. AHII plans to leverage Freightmaster’s brand and expertise by establishing US-based production facilities for both civilian and defense logistics markets. The acquisition aims to optimize on-road transportation and accelerate the realization of AHII’s intermodal transport vision.