By WSJ Staff
Vistra (VST): The power-generation company plans to buy Cogentrix Energy in a roughly $4 billion deal that will include natural-gas generation facilities. Shares rose nearly 6%.
Under Armour (UAA, UA): Fairfax Financial has a 22% stake in the struggling sportswear company, a securities filing showed. A UBS analyst said late Friday that investors seemed to significatly undevalue the stock. Shares edged lower.
AIG $(AIG)$: The insurer's chief executive, Peter Zaffino, plans to retire midyear, and will be replaced by longtime Aon $(AON)$ executive Eric Andersen. AIG shares dropped more than 5%.
Hilton Worldwide $(HLT)$: The Department of Homeland Security alleged the hotel chain had launched a "coordinated campaign" to refuse service to Immigration and Customs Enforcement officers and other agents at its hotels in Minneapolis. Shares ticked higher.
Steel Dynamics (STLD): The U.S. metals recycler and steel producer made a joint takeover bid with Australia's SGH for BlueScope Steel (AU:BSL). The deal values the Australian target at around $8.8 billion; its shares surged 21%.
Microchip (MCHP): The semiconductor manufacturer raised its sales outlook, citing strong bookings last quarter, among other factors. Shares rose about 6%.
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(END) Dow Jones Newswires
January 06, 2026 09:39 ET (14:39 GMT)
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