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Everyday Economic News
Peach State agrees to merge with United Community Banks (UCB): $31.75 cash or 0.8978 shares
Peach State Bancshares has agreed to merge into United Community Banks, with each Peach State share converting into either $31.75 in cash or 0.8978 shares of UCB common stock. The total consideration will be fixed at 50% cash and 50% stock, though shareholders can elect their preferred mix subject to proration. The merger is expected to close in the third quarter of 2026, pending regulatory and shareholder approvals, and shareholders must submit their election forms and physical stock certificates by July 20, 2026.
Crowe accelerates long-term growth trajectory with investment from KKR
Crowe LLP, a leading public accounting and consulting firm, has announced a significant equity investment from KKR, a global investment firm, into Crowe Advisory LLC. This strategic partnership aims to accelerate Crowe's existing business strategy, facilitating investments in talent, technology, and innovation while maintaining the firm's independence and commitment to quality. The transaction, which involves a reorganization of Crowe's structure, is expected to close in the third calendar quarter of 2026.
Ingredion adds ITW executive Kenneth Escoe to board
Ingredion (NYSE: INGR) has appointed Kenneth Escoe to its board of directors, effective July 1. Escoe, currently Executive Vice President of Specialty Products at Illinois Tool Works, brings extensive experience in capital-intensive businesses, global operations, and M&A-driven growth. His background, including transforming Apex Tool Group from a $600 million to a $1.2 billion company through strategic acquisitions, is expected to significantly contribute to Ingredion's long-term growth strategy.
Keurig Dr Pepper (KDP) adds JDE Peet’s 2025 results and pro forma impact after €31.85-per-share deal
Keurig Dr Pepper (KDP) has filed an amended 8-K report detailing the financial impact of its acquisition of JDE Peet’s N.V. The filing includes JDE Peet’s audited financial results for 2024-2025, showing 2025 revenue of €9,921 million and profit of €803 million, with basic earnings per share of €1.64. Additionally, unaudited pro forma condensed combined financials illustrate the acquisition's effect on KDP's 2025 and Q1 2026 results.
Western Midstream Announces Closing of Brazos Delaware Acquisition
Western Midstream Partners, LP (WES) has finalized the acquisition of Brazos Delaware II, LLC for approximately $1.6 billion, comprising both cash and WES common units. This strategic move expands WES's footprint in the Delaware Basin, aligns with its capital deployment philosophy, and aims to enhance per-unit metrics while diversifying its customer base and ownership. The acquisition is expected to protect the Partnership's balance sheet and investment grade credit ratings.
$1.6B Brazos buy widens Western Midstream’s Delaware Basin reach
Western Midstream Partners (NYSE: WES) has finalized its acquisition of Brazos Delaware II for approximately $1.6 billion, utilizing a balanced mix of cash and equity. This strategic move is expected to expand WES's gathering and processing footprint in the Delaware Basin, aligning with its distribution-focused capital philosophy. The company aims for per-unit metric accretion, balance sheet protection, and diversified customer and ownership base through this transaction.
Bally’s Corporation (NYSE: BALY) backs Bally’s Intralot £243m Evoke PLC acquisition
Bally's Corporation's majority-owned affiliate, Bally’s Intralot S.A., has agreed to acquire Evoke PLC for approximately £243.1 million. The deal will be effected through a scheme of arrangement, offering Evoke shareholders either 0.537 new Bally’s Intralot shares or a cash alternative capped at £117.1 million. The acquisition, which requires shareholder and regulatory approvals, is expected to close between late 2026 and early 2027, with Bally's Corporation committing to vote its Bally's Intralot stake in favor.
Does Vulcan’s Shift Toward Aggregates and Key Corridors Reshape the Bull Case for VMC?
Vulcan Materials has strategically sold its California ready-mixed concrete operations and acquired Brannan Sand & Gravel’s assets, including a key rail-linked aggregate quarry and a new Texas distribution yard. This move reinforces Vulcan's focus on an aggregates-led model and enhanced distribution. The article examines how this portfolio reshaping influences Vulcan’s investment narrative, emphasizing its goal for consistent cash generation through construction aggregates and potential impacts on its valuation and growth forecasts.
Blackstone Said to Be in Talks to Buy Canada Property Firm H&R REIT
Blackstone Inc. is reportedly in discussions to acquire Canada’s H&R Real Estate Investment Trust. These talks follow previous failed negotiations involving H&R, Blackstone, TPG Inc., and Crestpoint Real Estate Investments Ltd. H&R's shares jumped over 8% after the news, reflecting investors' positive reaction to the potential deal for the company, which has been underperforming the Canadian real estate sector despite efforts to rebalance its portfolio.
Western Digital (WDC) to exchange 1.04M Sandisk shares for its own stock
Western Digital Corporation announced it has entered into privately negotiated exchange agreements with institutional investors. The company will exchange 1,038,681 shares of Sandisk Corporation common stock for shares of Western Digital common stock held by these investors. The exchange ratio will be determined by the volume-weighted average prices of both stocks over June 16-18, 2026, with the transaction expected to close on June 22, 2026.