Supernus Pharmaceuticals IncAll-stock merger with Indivior, shareholders receive 1.5401 Indivior shares per share
Supernus Pharmaceuticals surged 20.7% in premarket trading after agreeing to an all-stock merger of equals with Indivior Pharmaceuticals. Under the deal, Supernus shareholders will receive 1.5401 Indivior shares for each share held, while Indivior shareholders will receive a one billion dollar special cash dividend before closing. The combined company will retain the Supernus name and continue trading under the SUPN ticker. Other notable movers included GameStop, which slipped six percent after announcing a debt-for-equity swap that will exchange approximately 1.4 billion dollars of convertible debt for newly issued Class A common stock, and Ferguson, which climbed 7.1 percent ahead of its inclusion in the S&P 500 on August fifth.
Supernus Pharmaceuticals IncAll-stock merger with Indivior, shareholders receive 1.5401 Indivior shares per share
GameStop Corp.Debt-for-equity swap exchanging convertible debt for common stock dilutes shareholders
Ferguson PlcInclusion in S&P 500 on August fifth is a positive index event
Xpeng Inc
Circle8 Group, Inc.