Corvex closes acquisition of Corvex Legacy Holdings, renames company Corvex

• Corvex acquired Corvex Legacy Holdings on March 19, 2026, folding the business into a wholly owned subsidiary structure and renaming the parent Corvex effective March 23.
• Consideration was paid in Series B, Series C, and Series D preferred stock, with the estimated purchase price at USD 581.91 million.
• Series B converted on March 31 into 240,544 shares of common stock, with Series C and Series D each designed to convert into about 23,551,502 and 30,227,050 common shares, subject to stockholder approval.
• The deal accounting recorded USD 518.26 million of goodwill, with identified intangibles including customer relationships of USD 5.19 million and trade names of USD 10.21 million.
• A 0.358-share stock dividend for each common share outstanding was declared, treated as a 1.358-for-1 stock split, with distribution around April 6.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corvex Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-058996), on May 19, 2026, and is solely responsible for the information contained therein.