Hubbell Incorporated announced a $3 billion cash deal to acquire NSI Industries, a provider of electrical fittings and components, aiming to strengthen its Electrical Solutions segment. The acquisition, expected to close mid-2026, aligns with rising electrification trends and is projected to be accretive to Hubbell's adjusted earnings per share in 2026. Hubbell plans to finance the purchase with cash and debt, supported by bridge financing from major banks. This move supports Hubbell's strategy to expand its core electrical infrastructure offerings amid growing demand in light industrial, data centers, and network infrastructure sectors.
Autonomize, a healthcare AI platform, has strengthened its leadership by appointing three industry veterans to its Advisory Board and hiring Mike Longacre as Head of Transformation. These moves aim to help healthcare organizations move beyond AI pilo...
Fairfax Financial Holdings has finalized its acquisition of Kennedy-Wilson Holdings at $10.90 per share in cash, led by a consortium including Kennedy Wilson's CEO William McMorrow and affiliates of Fairfax. The Kennedy Wilson management team retains...
Aya Gold & Silver Inc., a Canadian precious metals mining company operating in Morocco, will be added to the VanEck Gold Miners ETF (GDX) effective June 19, 2026. This inclusion marks a significant milestone reflecting the company's growth in product...
Nephros, Inc. emphasizes its ultrafiltration technology's ability to capture microplastics and nanoplastics in water, following the U.S. EPA's April 2026 decision to list microplastics as a priority contaminant under the Safe Drinking Water Act. The ...
After the US and Iran reached a deal expected to reopen the Strait of Hormuz, the world's largest tanker owner, Mitsui OSK Lines, cautions that shipping companies will wait for proof the agreement works before resuming normal traffic. The strait is c...
