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NEW YORK, Sept. 02, 2026 (GLOBE NEWSWIRE) -- INNOVATE CORP.® (NYSE: VATE) (“INNOVATE” or the “Company”) announced today the successful closing of the previously announced transaction between INNOVATE and CONX Corp. (“CONX”), pursuant to which CONX acquired a controlling interest in HC2 Broadcasting Holdings Inc. (“HC2”), a holding company for INNOVATE’s Broadcasting segment. The transaction follows the completion of the Broadcasting segment’s refinancing announced on June 1, 2026. CONX has acqui
On August 10, IES Holdings, Inc. (NASDAQ:IESC) announced a definitive agreement to acquire DBM Global from INNOVATE Corp. (NYSE:VATE) for approximately $650 million in combined cash and stock ($685 million total consideration including minority interest buyouts and tax election payments). This major structural deal reshapes both companies, but their underlying financial trajectories explain why the […]
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