NewGenIvf Boosts K25.ai Ownership To 13% Via $250 Mln Deal, Shares Down In Pre-Market

GE Aerospace (NYSE: GE) plans to acquire Consolidated Precision Products for $12 billion, its largest deal since becoming independent. The target, owned by private equity firms, specializes in aerospace castings. GE expects the deal to be immediately accretive to earnings, using cash and debt financing. The acquisition aims to improve operational efficiencies and expand capacity, according to the company.

Goldman Sachs (GS) is in talks to acquire Palmer Square Capital Management, a credit-focused asset manager with $37B in assets. The deal aligns with Goldman's strategy to expand its credit and alternatives businesses, aiming for $300B in credit-alternatives assets by 2028. Goldman's asset-management revenue grew to $3.38B in Q2 2023, up from $2.84B a year earlier. The acquisition could help Goldman cross-sell credit products and build fee-based revenue, but the price could impact returns.

Vertiv Holdings agreed to acquire King Environmental Services (KES), a Europe-based provider of fluid management and testing services for data centers. The deal, expected to close in Q4 2026, expands Vertiv's thermal management capabilities in EMEA, supporting its strategy for AI and high-density infrastructure. KES's expertise in fluid management and load-testing complements Vertiv's existing North American operations.

Gold Fields, a South African gold miner, has shown interest in acquiring Northern Star Resources, Australia's largest gold miner, but was rebuffed. Northern Star's shares are down 17% this year, while Gold Fields has declined 9%. Both companies have market values of $31.5B and $35.7B, respectively. Gold Fields has been active in acquisitions, while Northern Star faces pressure from activist investor Elliott Investment Management.

Akamai Technologies announced an $11.6 billion, seven-year cloud services deal with AI company Anthropic, the largest contract in its history. The deal may expand to $20 billion, with revenue expected from 2027. Akamai's stock rose to $135 post-announcement. The company issued a warrant for Anthropic to buy 7.7 million shares, a 5% stake.

UBS (NYSE: UBS) is exploring mergers to meet new Swiss capital rules requiring an additional $18B in reserves. The bank's P/S ratio is 2.97, above its 10-year median, and its GF Score is 81/100. Investor sentiment is mixed, with some gurus trimming positions. UBS's market cap is $150.82B, and it faces integration challenges from its 2023 Credit Suisse acquisition.