Veris Residential Acquired for $3.4B – $19/Share Cash Deal
Veris Residential to be bought by Affinius Capital-led group in $3.4B all-cash deal. Shareholders receive $19 per share. Expected close Q2 2026.
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Activist Investor Ed Garden Targets Fortune Brands Innovations – Wants New CEO
Investor Ed Garden buys stake in Fortune Brands Innovations and pushes to replace incoming CEO Amit Banati, citing leadership concerns. Company shares dropped sharply after weak earnings.
Jefferies Slashes Ratings on Four Software Stocks Amid AI Concerns
Jefferies downgraded Workday, DocuSign, Monday.com, and Freshworks to Hold due to AI risks hitting app software hard.
JPMorgan Slams the Brakes on VF Corp: Vans Recovery Now Looks Years Away
JPMorgan downgrades VF Corp (owner of Vans, The North Face, Timberland) to Underweight with a lower $18 price target, citing slower Vans recovery and weaker future earnings forecasts.
OpenAI Scales Back AI Ambitions: $600 Billion Compute Target by 2030, Eyes $280 Billion
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First Citizens BancShares Eyes Big Acquisition to Jump Over $250 Billion Asset Mark
First Citizens BancShares, fresh off buying Silicon Valley Bank, is hunting for deals like a possible KeyCorp takeover to quickly surpass $250 billion in assets and handle tougher rules with more scale.