Greenhill, Vectivbio and PDC Energy gain following respective buyout deals Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Greenhill & Co. (GHL) up 115% after Mizuho Financial Group (MFG) and the company announced a definitive agreement for Mizuho to acquire Greenhill in an all-cash transaction at $15 per share
- Avrobio (AVRO) up 90% after an agreement to sell its investigational hematopoietic stem cell, or HSC, gene therapy program for the treatment of cystinosis to Novartis (NVS) for $87.5M in cash
- Vectivbio (VECT) up 37% after Ironwood Pharmaceuticals (IRWD) and the company announced that they have entered into a definitive agreement for Ironwood to acquire VectivBio for $17.00 per share in an all-cash transaction with an estimated aggregate consideration of approximately $1B, net of VectivBio cash and debt
- PDC Energy (PDCE) up 8% after Chevron (CVX) announced that it has entered into a definitive agreement with the company to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3B, or $72 per share
UP AFTER EARNINGS -
- Nordic American Tankers (NAT) up 5%
- Full Truck Alliance (YMM) up 6%
- Immunovant (IMVT) up 1%
DOWN AFTER EARNINGS -
- Global-e Online (GLBE) down 5%
LOWER -
- Micron (MU) down 5% after the company confirmed that the Cyberspace Administration of China, or the "CAC," notified critical information infrastructure operators in China to stop using Micron products
- Apple (AAPL) down 1% after Loop Capital downgraded the stock to Hold from Buy with an unchanged price target of $180
- Meta Platforms (META) down 1% after being fined EUR 1.2B by Ireland's Data Protection Commission
Symbols:
GHL VECT PDCE IMVT YMM NAT GLBE MU AAPL - $175.19 /
+0.125 (+0.07%)
META - $245.64 /
-1.225 (-0.50%)
MFG NVS - $100.84 /
+0.475 (+0.47%)
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