Movers: Coupa Software, Horizon Therapeutics, Microsoft, Rivian Automotive, Weber
- Scott Peters
- U.S.A. New York City
-
Microsoft entered into a long term partnership with for cloud computing services with the parent of the London Stock Exchange. Coupa Software agreed to go private. Horizon Therapeutics agreed to be acquired by Amgen.
Horizon Therapeutics Plc increased 15.1% to $112.0 after the company agreed to be acquired by Amgen for $116.50 a share or $27.8 billion.
Coupa Software Inc increased 26.7% to $78.69 after the software developer agreed to a $81 a share or $8 billion offer from the private equity manager Thoma Bravo.
Weber Inc jumped 23.3% to $8.03 after the maker of grills and cooking ranges agreed to be acquired by BDT Capital Partners for $8.05 a share of $2.32 billion.
Rivian Automotive Inc declined 3.8% to $26.26 after the company halted its plan to make electric vans in partnership with Mercedes Benz in Europe and the company plans to save its capital resource ahead of market uncertainties.
Microsoft Corp increased 1.8% to $248.19 after the company struck a 10-year "partnership deal" with the London Stock Exchange Group and took nearly a 4% stake in the U.K.-based exchange.
The joint statement from the two companies said the LSE will spend about $2.8 billion over the 10-year period for cloud computing services and operate under Microsoft's Azure environment.
The exchange operator acquired Refinitiv in a $27 billion deal with a private equity group led by Blackstone.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Horizon Therapeutics Public Limited Company | HZNP | 0% | 0% | 4% |
| Microsoft Corporation | MSFT | 18% | 12% | 54% |
| Rivian Automotive Inc. | RIVN | -4% | -41% | -8% |
| Weber Inc. | WEBR | 0% | 0% | 1% |