June 2026 — page 6
FedEx Spins Off Freight Unit, Resets Guidance
The logistics giant distributed 80.1% of FedEx Freight shares to stockholders in its latest quarter.
Bitmine Eyes ETH Milestone; People Inc. Bids for MGM Resorts
Crypto treasury growth and strategic M&A headlines a mixed day of corporate updates across financial and software sectors.
Credo's Revenue Growth Decelerates as Optical Deal Signals Next Phase
The connectivity-chip maker posted $437 million in fourth-quarter revenue, up 157% year over year but marking a sharp slowdown in sequential growth.
LXP Industrial Trust to Buy Phoenix Covered Land Investment for $103 Million
The asset purchase allows LXP to secure an infill industrial redevelopment site in a market driven by advanced manufacturing and data center growth.
Liberty Global to Combine VodafoneZiggo, Telenet in $7.7 Billion Deal
The transaction aims to create a Benelux telecom powerhouse with sharper strategic focus and a planned 2027 Euronext listing.
IFF to Sell Food Ingredients Unit in $4.3 Billion Asset Deal
The divestiture sharpens the company’s focus on higher-margin segments and strengthens its balance sheet.
Verizon to Buy Array Spectrum Licenses in $1 Billion Asset-Purchase Deal
The transaction advances Array's strategy to monetize retained wireless spectrum following the $4.3 billion sale of its wireless operations to T-Mobile.