08:00 AM EDT, 05/20/2024 (MT Newswires) -- (Corrects ADNOC's name in the headline, minor edits throughout.) NextDecade ( NEXT ) said Monday the Abu Dhabi National Oil Company, known as ADNOC, has acquired an 11.7% stake in phase 1 of the company's Rio Grande LNG export project in Texas, which is expected to produce a less carbon-intensive LNG. The company...

May 20 (Reuters) - Regional lender SouthState Corp ( SSB ) will buy smaller rival Independent Bank Group ( IBTX ) for about $2 billion, the companies said on Monday. The all-stock deal will create a combined bank with total assets of $65 billion and a market capitalization of about $8.2 billion. The transaction will also help deepen SouthState's (...

08:35 AM EDT, 05/20/2024 (MT Newswires) -- Coca-Cola Consolidated ( COKE ) said Monday it has commenced a tender offer to purchase up to $2 billion worth of common shares. The company intends to fund the tender offer using a combination of cash on hand, borrowings under its revolving credit facility, borrowings under one or more new term loan facilities,...

Independent Bank Group, Inc. ( IBTX ) shares are trading higher after the company inked a deal to be acquired by SouthState Corporation ( SSB ) in an all-stock transaction valued at around $2 billion. As per the terms, Independent Bank ( IBTX ) shareholders will receive 0.60 shares of SouthState ( SSB ) stock for each share they hold. This equates to $48.51 based on...