Reported about 12 hours ago
A group of U.S. stocks identified by Citigroup as potential acquisition targets has seen a significant rally, rising 44% since early April, fueled by optimism that dealmaking will revive alongside a recovering economy and easing tariff concerns. The increase, which outpaced the S&P 500, signals a renewed appetite for risk among investors, evidenced by notable transactions like Dick’s Sporting Goods acquiring Foot Locker. While caution remains due to potential trade tensions and economic uncertainty, analysts believe this trend suggests a more favorable environment for future mergers and acquisitions.
Source: YAHOO