JD.com’s (JD) talks to acquire Ceconomy (MTTRY) (CTTRY) are in the final stages and a deal annoucement could come tonight, Matthias Inverardi of Reuters reports, citing sources.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JD:
- Mixed options sentiment in JD.com with shares down 1.13%
- Ceconomy AG confirms advanced negotiations with JD.com
- JD.com price target lowered to $47 from $53 at Benchmark
- JD.com’s Strategic Investments and Growth Potential Justify Buy Rating Despite Short-term Margin Setbacks
- Bullish flow in JD.com with shares up 3.48%