Martin Marietta to combine with Lhoist unit in $13.5B deal
Martin Marietta (NYSE:MLM) said it will combine with Lhoist North America in a transaction valued at about $13.5 billion, structured as a mix of cash and stock consideration.
Martin Marietta (NYSE:MLM) said it will combine with Lhoist North America in a transaction valued at about $13.5 billion, structured as a mix of cash and stock consideration.
Rocket Lab (NASDAQ:RKLB) agreed to acquire Iridium (NASDAQ:IRDM) in a transaction valuing the combined deal at about $8 billion enterprise value, combining cash, stock, and structured consideration for shareholders.
Talawar Therapeutics and JATT II (NASDAQ:JATT) have entered into a definitive business combination agreement to create a Nasdaq-listed biotechnology company expected to trade as TLWR in the second half of 2026.
Andy Burnham, who is likely to be the UK's next prime minister following Keir Starmer's decision to resign, outlines plans to decentralize power in a bid to boost the economy and raise living standards. "I am going to give Britain the circuit breaker it needs by building a more collaborative politics," Burnham says during a speech in Manchester.
FTAI Infrastructure (NASDAQ:FIP) announced the completion of its acquisition of Tidewater Logistics, a barge and rail transloading company operating in Ohio, West Virginia, and Texas.
Diana Shipping (NYSE:DSX) extended its tender offer for all outstanding shares of Genco Shipping & Trading (NYSE:GNK) it does not already own to July 10, 2026 at 5:00 p.m. ET.
Larimar Therapeutics (NASDAQ:LRMR) announced the submission of the first module of a rolling Biologics License Application to the U.S. Food and Drug Administration seeking accelerated approval of nomlabofusp for the treatment of Friedreich’s ataxia.
Honeywell Technologies (NASDAQ:HON) completed the spin-off of its Aerospace Technologies business, which is now trading independently as Honeywell Aerospace (NASDAQ:HONA).
United Therapeutics (NASDAQ:UTHR) announced that the U.S. Food and Drug Administration has granted premarket approval of the LungFX device for use in centralized ex vivo lung perfusion.
Vertical Aerospace (NYSE:EVTL) announced a long-term agreement with Astronics Corporation (NASDAQ:ATRO) to supply the low-voltage power distribution system for its Valo electric vertical take-off and landing aircraft.
Commercial traffic through the Strait of Hormuz this weekend persisted at a reduced level as a handful of vessels made open transits. Traffic was still higher than for most of the US-Iran war, but attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. Alaric Nightingale reports on Bloomberg Television.
Constellium (NYSE:CSTM) announced the sale of its ownership stake in an automotive structures joint venture in Changchun, China, to a Chinese automotive holding company.