It?s a big session on the mergers and acquisition front today, with investors responding to a few key announcements released in the opening hours of trade.
The proposed merger between buy now, pay later providers Zip Co. and Sezzle has been terminated. The companies cited current macroeconomic and market conditions as the reason for the termination of the deal, with Zip Co. now paying Sezzle US$11m to cover Sezzle?s legal, accounting and other costs associated with the termination of the agreement.
Sezzle shares are tumbling while Zip Co shares are trading higher as investors respond to the news.
And national real estate company The Agency Group Australia has announced the expansion of its national network to Tasmania by agreeing to acquire leading Launceston-based real estate business Bushby Property Group, to launch ?The Agency - Team Bushby?.
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