Corvex closes acquisition of Corvex Legacy Holdings, renames company Corvex
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Corvex has acquired Corvex Legacy Holdings for approximately USD 581.91 million, effective March 23, 2026. The acquisition involves Series B, C, and D preferred stock, with Series B converting into common stock. The deal recorded USD 518.26 million in goodwill and includes intangibles like customer relationships and trade names. A stock dividend of 0.358 shares per common share was declared, resembling a 1.358-for-1 stock split, with distribution expected around April 6.
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