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Accenture to Acquire Cybersecurity Firms in $4.18B Deal; Shares Fall 5% in Premarket
Accenture (ACN) delivered good strategic news and bad guidance news on the same morning. Accenture will acquire a majority stake in Dragos and fully purchase runZero and NetRise in a $4.18 billion cybersecurity deal. Shares of the Dublin, Ireland-based company fell about 5% in premarket trading, settling near a -5.75% decline. Separately, Accenture cut the…
EQT Strikes £9.5 Billion Deal for Intertek, Valuing Shares at £61.077 Including FY25 Dividend
Three rejections couldn’t stop this deal. The fourth offer did. Intertek Group agreed to a recommended cash acquisition by EQT. EQT strikes through newly formed Isotope Bidco on June 18, 2026, in a deal valuing the testing, inspection and certification company at approximately £9.5 billion. Intertek shareholders will receive £60 in cash per share and…
Tata Sons Chief Forgoes Pay Hike as Air India Losses Mount, June 18
Tata Sons Chairman N. Chandrasekaran forgoes FY26 pay hike amid Air India’s ₹26,800 crore loss and group profitability concerns.
Mondelez Stock Falls 2.1% as Fed Signals Rate Hike, June 18
Mondelez stock falls 2.1% to $60.87 after Fed rate hike signals, rising Treasury yields, and Russia controversy pressure the snack maker.
Nykaa Shares Jump 8% to 52-Week High of ₹302.80 as Company Targets 2-3x Revenue Growth by FY30
Nykaa shares surged nearly 8% to a 52-week high of ₹302.80 in June 2026, drawing strong attention from investors across the market. The rally came after the company outlined an ambitious plan to grow its revenue by two to three times by FY30, highlighting confidence in its long-term strategy. With improving profits, expanding beauty and…
SpaceX Buys Cursor for $60B: Four MIT Founders Become Billionaires, June 17
SpaceX acquires Cursor AI for $60 billion in all-stock deal. Four MIT co-founders become multibillionaires. Deal closes Q3 2026.
Strategy Inc (MSTR) Faces Dividend Strain as Bitcoin Holdings Weigh on Stock
MicroStrategy (MSTR) stock faces pressure as STRC preferred stock trades below par. Dividend coverage and acquisition strategy draw analyst scrutiny.
Strategy Inc (MSTR) Defends Bitcoin Sales as Dilution Fears Mount, June 17
Strategy Inc defends bitcoin sale as strategic move to build credit products and generate preferred dividend revenue amid competition.
SpaceX Acquires Cursor for $60 Billion in All-Stock Deal, June 18
SpaceX acquires Cursor for $60 billion in all-stock deal to enhance AI capabilities and compete in enterprise coding tools.