Matthew Monks

After more than four months of waging a public battle with activist investor Elliott Investment Management, low-cost pioneer Southwest Airlines Co. may finally be headed toward a truce.

Atlantic Union Bankshares Corp. agreed to buy rival Sandy Spring Bancorp for about $1.6 billion in stock, as consolidation picks up among small and midsize banks.

Starboard Value LP Chief Executive Officer Jeffrey Smith said there has been at least $20 billion in value destruction at drugmaker Pfizer Inc., which he admonished for failing to deliver on a pipeline of new potential blockbusters.

Gatemore Capital Management has taken a position in Watches of Switzerland Group Plc and is asking the retailer of luxury timepieces to pursue an aggressive share buyback and consider listing in the US.

(Bloomberg) -- Gatemore Capital Management has taken a position in Watches of Switzerland Group Plc and is asking the retailer of luxury timepieces to pursue an aggressive share buyback and consider listing in the US.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionHow Kyiv Became a Leader in Digital Services Amid Wartime StrainDhaka's Revolutionary Makeover Pits Visions of Peace Against VengeanceTransportation Policy Gets Left Behind in Presidential RaceDrug Decriminali

Elliott Investment Management and Southwest Airlines Co. are nearing a settlement that would avoid a proxy fight for control of the carrier's board, according to people familiar with the matter.

Bremer Financial, Minnesota's fourth-largest bank by deposits, is for sale, according to people familiar with the matter.

Blackstone Inc. and Warburg Pincus are in the early stages of weighing strategic options including a sale of IntraFi, a fintech that helps people secure their bank deposits, according to people familiar with the matter.

The owners of Flagship Credit Acceptance LLC are exploring a sale of the auto-finance provider, according to people with knowledge of the matter.

Ally Financial Inc. is exploring a sale of its credit card arm, according to people familiar with the matter, after getting back into that business through an acquisition three years ago.