Acquisition

Qualcomm is acquiring Arduino to strengthen its position in the robotics market. This acquisition aims to provide Qualcomm with access to grassroots innovators and establish its chips as the preferred solution for robotics development, fostering brand loyalty from prototype to commercialization. The deal is part of Qualcomm’s strategy to diversify revenue beyond mobile chips and capitalize on the growing robotics sector, aligning with previous acquisitions like Foundries.io and Edge Impulse. The first collaborative product, Arduino Uno Q, features a Qualcomm Dragonwing processor capable of running Linux and Arduino software, enhancing computer vision capabilities. Qualcomm commits to maintaining Arduino’s existing ecosystem.

Firefly Aerospace (FLY) stock rose 12% after announcing the acquisition of defense contractor SciTec for $855 million in cash and stock. The purchase aims to boost Firefly’s national security capabilities, integrating SciTec’s software for advanced missile warning and autonomous control. This follows a recent stock dip after a rocket test explosion. Firefly, which went public earlier this year, also has secured significant NASA and Northrop Grumman contracts. SciTec will operate as a Firefly subsidiary post-acquisition, providing immediate access to defense technologies.

Firefly Aerospace will acquire SciTec for $855M, comprising $300M cash and $555M in shares. SciTec’s revenue for the trailing twelve months ending June 30, 2025, was $164M, and the company was awarded a $259M Space Force contract in 2025. The acquisition expands Firefly’s capabilities in software, data analytics, and national security solutions, with an expected closing by year-end 2025, pending regulatory approvals. SciTec will operate as a subsidiary of Firefly.

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.