Key deals this week: PNC Financial, Warner Bros, ZenaTech, SentinelOne, Teck Resources and more

Published 1 month ago Positive
Key deals this week: PNC Financial, Warner Bros, ZenaTech, SentinelOne, Teck Resources and more
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Here's a list of key deals reported across sectors this week:

* PNC Financial Services Group (NYSE:PNC [https://seekingalpha.com/symbol/PNC]) announced [https://seekingalpha.com/news/4492996-pnc-financial-to-acquire-firstbank-holding-for-41b] a definitive agreement to acquire the Lakewood, CO-headquartered FirstBank Holding for ~$4.1B.
* Warner Bros. Discovery (NASDAQ:WBD [https://seekingalpha.com/symbol/WBD]) jumped 35% on a report [https://seekingalpha.com/news/4494182-warner-bros-discovery-jumps-on-report-paramount-skydance-preparing-offer] that Paramount Skydance (NASDAQ:PSKY [https://seekingalpha.com/symbol/PSKY]) is preparing a majority cash bid for the entertainment giant. Paramount Skydance climbed 9%.
* NeoVolta (NASDAQ:NEOV [https://seekingalpha.com/symbol/NEOV]) has signed a letter of intent to acquire [https://seekingalpha.com/news/4493699-neovolta-to-acquire-neubau-energy-assets-in-strategic-move-to-offset-2026-battery-tariffs] strategic assets of Neubau Energy, positioning the combined entity to capture a significant share of the rapidly expanding residential energy storage market.
* ZenaTech (NASDAQ:ZENA [https://seekingalpha.com/symbol/ZENA]) said on Tuesday that it has signed an offer [https://seekingalpha.com/news/4493378-zenatech-to-acquire-a-warehouse-and-inventory-management-company] to acquire a Southeast US-based warehouse and inventory management services company serving a principal service branch of the US Department of Defense.
* RingCentral (NYSE:RNG [https://seekingalpha.com/symbol/RNG]) announced [https://seekingalpha.com/news/4493005-ringcentral-acquires-communitywfm]the acquisition of CommunityWFM, a cloud-based, AI-first contact center workforce management software solution.
* Teck Resources (TECK.B:CA) (NYSE:TECK [https://seekingalpha.com/symbol/TECK]) and London-listed miner Anglo American (OTCQX:AAUKF [https://seekingalpha.com/symbol/AAUKF]) (OTCQX:NGLOY [https://seekingalpha.com/symbol/NGLOY]) on Tuesday said that they have reached [https://seekingalpha.com/news/4493252-teck-and-anglo-american-to-combine-through-merger-of-equals] an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals company headquartered in Canada.
* Mitsubishi Electric (OTCPK:MIELY [https://seekingalpha.com/symbol/MIELY]) has agreed [https://seekingalpha.com/news/4493243-mitsubishi-electric-to-acquire-nozomi-networks] to acquire Nozomi Networks, a U.S.-based company specializing in OT, IoT and CPS security.
* SentinelOne (NYSE:S [https://seekingalpha.com/symbol/S]) will acquire [https://seekingalpha.com/news/4493037-sentinelone-to-acquire-observo-ai-to-revolutionize-siem-and-security-operations] Observo AI, the category-defining data streaming platform for AI-native telemetry pipeline management.

MORE ON M&A TICKERS, ETC.

* Warner Bros. Discovery's Separation Rally Still Has Legs - Double Digit Upside Possible [https://seekingalpha.com/article/4822664-warner-bros-discovery-separation-rally-still-has-legs-double-digit-upsides-possible]
* Warner Bros. Discovery bid would likely need to be in low to mid $20s/share - report [https://seekingalpha.com/news/4494439-warner-bros-discovery-bid-would-likely-need-to-be-in-low-to-mid-20sshare---report]
* Analysts are mostly positive on Paramount Skydance's bid for Warner Bros. Discovery [https://seekingalpha.com/news/4494371-analysts-are-mostly-positive-on-paramount-skydances-bid-for-warner-bros-discovery]