4 Rumors Buzzing Around Wall Street Today

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Mirati Therapeutics (MRTX) seen worth more than double in a buyout

November 23, 2022 12:40 PM EST

After surging nearly 16% Tuesday on fresh takeover rumors, Mirati Therapeutics (NASDAQ: MRTX) is adding another 5% Wednesday as Wall Street analysts weigh in on the company's takeover prospects and value.

Mirati is said to be attracting renewed takeover interest from large pharma companies ahead of updates on its drug pipeline, Bloomberg News reported, citing people familiar with the matter. Investors are awaiting updated PD1 + adagrasib combination data at next month's ESMO I/O meeting. However, the report added that... More

Manchester United (MANU) Confirms Process to Explore Strategic Alternatives to Enhance the Club's Growth

November 22, 2022 4:30 PM EST

Manchester United plc (NYSE: MANU), one of the most successful and historic sports clubs in the world, announces today that the Companys Board of Directors (the Board) is commencing a process to explore strategic alternatives for the club.

The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.

As part of this process, the Board will consider all strategic... More