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13.07.26 - 16:48
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MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- MGM Resorts International (MGM) shares are rising on a report regarding a potential takeover bid from Barry Diller.
- SK Hynix (SKHY) shares are lower and other memory stocks are also falling. It is lower over concerns with the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to cause a hit to the American depositary receipts as well. The debate between the optimists and pessimists will continue, which should create volatility, according to Hendi Susanto, portfolio manager at Gabelli Funds.
- Agenus (AGEN) shares are moving higher on news of a deal that it's selling up to $3540 million worth of securities. (Source: Bloomberg)...
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11.07.26 - 00:00
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MGM Resorts in Deal Talks With Barry Diller (WSJ EN)
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The casino giant has been negotiating a potential deal with Barry Diller's People Inc. after the media mogul offered to buy the casino giant in early June, according to people familiar with the matter....
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