Manchester United's (NYSE: MANU) stock fluctuated as billionaire Jim Ratcliffe's tender offer was extended until Friday, resulting in an initial 8.7% rise on Tuesday and a subsequent 13% slump as Wednesday marked the last day for investors to participate in the offer, amidst approvals from the Premier League and the Football Association for Ratcliffe's purchase of a 25% stake in the club at $33 a share.
Penn Entertainment (NASDAQ:PENN) is acquiring Wynn Interactive Holdings' mobile sports wagering licenses for $25M, providing access to the New York sports wagering market. Pending regulatory approval, Penn will launch its online betting product, ESPN BET, in New York this year. Despite the potential benefits, PENN shares fell by 4%, while WYNN shares dropped by 2.8% on Monday.
Flame Acquisition Corp. gains stockholder approval for its merger with Sable Offshore Holdings and Sable Offshore Corp., facilitating the creation of Sable Offshore Corp. slated to debut on the NYSE as "SOC" and "SOC.WS" on February 15, 2024, with Flame reporting approximately $62.2 million in its trust account pre-merger.
HighRadius, a leader in Autonomous Finance software, acquired Cforia Software, a prominent provider of Billing and Collections automation, expanding resources and support for over 100 global customers.
