Business · Week of Oct 26, 2026
Energy and healthcare takeovers lead the week in business
Cash and stock takeovers in energy, food, healthcare and biotech dominated the week, alongside a bank's quarterly results and a drone-tech investment.
Acquisitions were the main story of the week of Oct 26, 2026. EQT and Range Resources announced an all-stock merger they say creates a natural gas company with a pro forma enterprise value over $50 billion, and Ovintiv agreed to buy Logan Energy in an all-cash deal valuing it at approximately $890 million (C$1.26 billion). Outside energy, HealthSpan Partners agreed to acquire Surgery Partners for an enterprise value of approximately $5.7 billion, and High Liner Foods agreed to be acquired by Umios for C$27.00 per share in cash.
Cash was the preferred currency in most of the deals, with EQT-Range the main all-stock exception. Elsewhere, Corxel US agreed to go public through a combination with special purpose acquisition company Amanat Acquisition Corp, Peraso announced a $10 million strategic investment from Nant Capital for drone communications work, and Bank of Marin Bancorp reported higher third-quarter earnings on net interest margin expansion.
Bank of Marin Bancorp
Bank of Marin Bancorp
Bank of Marin Bancorp reported net income of $9.9 million for the third quarter of 2026, compared with $9.2 million in the second quarter and $7.5 million a year earlier, with diluted earnings per share of $0.62. The company says continued net interest margin expansion, from higher loan yields and reduced deposit costs, largely drove the increase.
High Liner Foods Incorporated
High Liner Foods Enters into Agreement to Be Acquired by Umios for C$27.00 per Share in Cash
High Liner Foods has agreed to be acquired by Umios for C$27.00 per share in cash in a deal the company says is fully financed. High Liner says the combination will pair Umios' global sourcing capabilities with its processing expertise and brands to form a North American growth platform.
Range Resources Corp
EQT Announces Strategic Acquisition of Range Resources,
Range Resources and EQT announced a definitive merger agreement under which EQT will acquire Range in an all-stock transaction, with a pro forma enterprise value over $50 billion. The companies say the combined business will have more than 9 Bcfe/d of net production, more than 30 years of inventory across nearly 3 million net acres, and more than 3,700 miles of midstream infrastructure.
EQT Corp
EQT Announces Strategic Acquisition of Range Resources, Creating America’s Undisputed Natural Gas Champion
EQT's release on the same Range Resources deal says the combination will create what the companies call America's largest and only vertically integrated natural gas producer. EQT says the deal, together with its natural gas marketing platform, positions it as a partner for end users of natural gas as demand grows.
Amanat Acquisition Corp.
Corxel US and Amanat Acquisition Corp Announce Definitive Business Combination Agreement to Create Publicly Listed Obesity-Focused Biopharmaceutical Company
Corxel US, a clinical-stage developer of oral obesity and cardiometabolic therapies, and Amanat Acquisition Corp (Nasdaq: AMAN) agreed to a business combination that would list the combined company on the Nasdaq Capital Market under a new name and ticker. The companies say the transaction includes approximately $75 million held in Amanat's trust account plus commitments for a concurrent, oversubscribed PIPE, and that a U.S.-based CEO is expected to be hired by closing.
Surgery Partners, Inc.
HealthSpan Partners to Acquire Surgery Partners, Establishing a Leading Outpatient Surgical Care Platform
HealthSpan Partners, an affiliate of Bon Secours Mercy Health, agreed to acquire Surgery Partners in an all-cash transaction valued at an enterprise value of approximately $5.7 billion, with shareholders other than Bain Capital affiliates receiving $23.50 per share. Bain Capital affiliates will roll over their shares and remain a significant partner, and the companies say the deal creates one of the country's largest outpatient surgical care platforms.
Ovintiv Inc.
Ovintiv Inc.
Ovintiv agreed to acquire Logan Energy in an all-cash transaction valuing Logan at approximately $890 million (C$1.26 billion) including expected net debt at closing. Ovintiv says the deal adds about 420 net oil well locations, about 266,000 net acres in the Montney oil window and about 20 MBOE/d of current production near its existing operations.
Peraso Inc.
Peraso Announces $10 Million Strategic Investment from Nant Capital to Accelerate Development and Commercialization of Advanced Drone Communications
Peraso announced a strategic investment of approximately $10 million from Nant Capital in a private placement expected to close on or about October 28, 2026. The company says the funds will accelerate development and commercialization of drone communications based on its 60 GHz mmWave technology, which it says offers low probability of detection and jamming.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Times Beats reporting.