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Check out the companies making headlines in midday trading.Spirit Airlines — The budget airline's shares fell nearly 8% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its
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Check out the companies making headlines before the bell:Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday's closing prices, while
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A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022.Al Drago | Bloomberg | Getty ImagesThe Securities and Exchange Commission on Wednesday debuted a host of new rules for SPACs that, if enacted, would mark one of the broadest attempts
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A trader works on the floor of the New York Stock Exchange (NYSE) on November 29, 2021 in New York City.Spencer Platt | Getty ImagesThe red-hot SPAC market could have an ESG problem.Securus Technologies, a prison services company that makes profit from charging families of the incarcerated for phone
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Rep. Larry Bucshon, R-Ind., leaves the House Republican Conference meeting at the Capitol Hill Club on Wednesday, May 16, 2018.Bill Clark | CQ-Roll Call, Inc. | Getty ImagesRepublican Rep. Larry Bucshon has bought up to $15,000 in the SPAC that is slated to take public former President Donald Trump's planned social media
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDigital World Acquisition Corp. (DWAC) shares soared again on Friday, and trading in the company was halted multiple times due to volatility. DWAC is the SPAC behind former Pres. Donald Trump's reported social media company. Source link
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Check out the companies making headlines in midday trading.Snap – Snap shares plummeted by more than 24% after it reported its quarterly results, which included a revenue miss as well as an earnings beat. The social media company said its advertising business declined due to Apple's privacy changes.Facebook, Twitter –
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The social media app will be developed by Trump Media and Technology Group (TMTG).Rafael Henrique | LightRocket | Getty ImagesSPAC stands for special purpose acquisition company, which raises money on the public markets with a goal of merging with a private company and taking it public within two years.
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Check out the companies making headlines before the bell:Snap – Shares of the Snapchat parent plunged 19.5% in the premarket after the company warned of slowing growth due to the recent changes in Apple's iOS privacy rules. Those rules make it more difficult to gather information from users and target
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