Jun. 23 at 1:01 AM
$BK $FOUR $TSLA $BHP $BP
TOP 5 WEEKEND STORIES:
1) Bank of New York Mellon (BK) approached Northern Trust to express interest in merging, Lauren Thomas and Justin Baer of The Wall Street Journal reports, citing people familiar with the matter. The CEOs of BNY and Northern Trust had at least one conversation, but the firms did not discuss a specific offer, the sources added. BNY is considering its next steps, which might include giving Northern Trust a formal bid.
2) Shift4 (FOUR) has announced it has signed a definitive agreement to acquire Smartpay for NZ
$296.4 million, or NZ
$1.20 per share. This represents a 46.5% premium to 90 trading day Volume Weighted Average Price. Smartpay sells tailored payment solutions through an extensive distribution network across Australia and New Zealand, supporting a diverse base of more than 40,000 merchants in the region. The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals.
3) Mitsubishi Motors (MMTOF) plans to invest
$3.9B to boost solar power generation in the U.S., Masaki Kondo of Bloomberg reports, citing Nikkei newspaper. The investment will help Nexamp scale its solar power capacity to 2.9M kilowatts by 2028 from its current 1.1 kw. Additionally, Nexamp will use U.S.-made solar panels from Silfab Solar to sidestep U.S. tariffs on imported gear.
4) Tesla (TSLA) has rolled out its robotaxi service to some users following almost a decade of hype, Kara Carlson of Bloomberg reports. The first trips are limited to a portion of Tesla's hometown of Austin and have a human "safety monitor" also riding in the front passenger seat.
5) Former Centrica (CPYYY) CEO Sam Laidlaw and ex-BHP (BHP) Group Chair Ken MacKenzie are among the candidates being considered as the next chairman of BP (BP), Mark Kleinman of Sky News reports.
