U.S. Steel surges following agreement to be acquired by Nippon Steel Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- U.S. Steel (X) up 28% after Nippon Steel Corporation (NPSCY) and the company announced that they have entered into a definitive agreement pursuant to which NSC will acquire U. S. Steel in an all-cash transaction at $55.00 per share
- Nio (NIO) up 9% after entering into a share subscription agreement with Cyvn Holdings, through its affiliate Cyvn Investments, an investment vehicle based in Abu Dhabi, pursuant to which Cyvn will invest an aggregate of $2.2B in cash to subscribe for 294,000,000 newly issued Class A ordinary shares of the company at a per share purchase price of $7.50
- PGT Innovations (PGTI) up 9% after Masonite (DOOR) and the company announced a definitive agreement under which Masonite will acquire PGT Innovations for a combination of cash and Masonite shares with a total transaction value of $3B
- Organon (OGN) up 1% after the company announced an agreement with Eli Lilly (LLY) to become the sole distributor and promoter for the migraine medicines Emgality and Rayvow in Europe
- Illumina (ILMN) up 5% after announcing that the company will divest Grail
- Adobe (ADBE) up 2% after announcing the termination of the Figma merger agreement
LOWER -
- Checkpoint Therapeutics (CKPT) down 53% after announcing that the FDA has issued a complete response letter for the cosibelimab biologic license application for the treatment of patients with metastatic or locally advanced cutaneous squamous cell carcinoma who are not candidates for curative surgery or radiation
- Ebix (EBIX) down 46% after reporting that it has reached a "stalking horse" agreement to sell its North American Life and Annuity assets to Zinnia, an Eldridge business
- Maison Solutions (MSS) down 22% after the recent target of a short report from Hindenburg Research reported Q2 results and issued a statement on the 'inaccurate and misleading statements'
- Masonite (DOOR) down 8% after the company and PGT Innovations (PGTI) announced a definitive agreement under which Masonite will acquire PGT Innovations for a combination of cash and Masonite shares with a total transaction value of $3B
Symbols:
X NIO PGTI OGN ILMN DOOR CKPT EBIX MSS - $2.45 /
-12.765 (-83.93%)
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