Rotork PLC has accepted a £4.1 billion takeover bid from Swiss engineering group ABB, offering shareholders 506p per share, a 73% premium over the previous closing price. The acquisition will enhance ABB's industrial automation business by adding Rotork's electric actuators and flow control products, and provide greater exposure to higher-margin service revenues. Rotork will continue as a separate division within ABB if the deal completes. The offer is unanimously supported by Rotork's board and reflects confidence in the company's growth prospects under ABB's ownership.
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Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
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Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
A Bitcoin wallet that had been inactive since December 2017 transferred 5,908 BTC worth about $383 million on July 16, 2026. Originally acquired at around $16,000 per Bitcoin, the initial investment was roughly $100 million, now showing a 284% gain. ...
