Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: I'm Carol Master along with Tim Stenwick. Let's get to
Speaker 3: some stocks on the move. Jnisa Socova is with us
Speaker 3: here at Bloomberg. Denisa, where do you want to start.
Speaker 3: Let's start with gmme.
Speaker 4: Yeah, we have to talk about GameStop another day, another
Speaker 4: game stop saga.
Speaker 3: Of course, yesterday we had Rowing Kitty.
Speaker 4: Today we have eBay rejecting a fifty six billion takeover
Speaker 4: from GameStop.
Speaker 3: This whole deal has been really fascinating to me.
Speaker 4: The day close with Jimmy down more than three percent,
Speaker 4: eBay up more than two percent.
Speaker 3: There was a lot of duration in there.
Speaker 4: What eBay says is that the bit is neither credible
Speaker 4: nor attractive.
Speaker 3: There was a lot of criticism.
Speaker 4: They said the offer is not taking in account uncertainty
Speaker 4: around the final stinc plan, operational risks.
Speaker 3: I mean, we've been talking a lot.
Speaker 4: About the math of this deal, which is very complicated.
Speaker 4: GameStop market value is about ten billion, which is less
Speaker 4: than fourth of the value of Vbay.
Speaker 3: You know, there's been a little of questionable math.
Speaker 1: But nevertheless, I do think that people shrud like dismiss
Speaker 1: this very early on. Yeah, I agree with you, like
Speaker 1: too fast because if you actually look at the balance
Speaker 1: sheet for Dame Stop, Ryan Cohen's been able to do.
Speaker 1: He brought this from a company that has one point
Speaker 1: four billion dollars in cash back in twenty twenty three.
Speaker 1: It's got nine billion dollars in cash and cash equivalents.
Speaker 3: Now and they say there was billion.
Speaker 2: Do you get this?
Speaker 1: Yeah, it's I mean you could have.
Speaker 3: It's a very big price stack and they want to
Speaker 3: borrow a seventy billion. I don't know.
Speaker 1: It's a letter from TDY.
Speaker 4: Yeah, yeah, they did have a letter. But it's a
Speaker 4: it's an interesting saga. We're all watching it, and I
Speaker 4: feel so every day there is a new development.
Speaker 3: All right, speaking of sagas, let's get it under Armour
Speaker 3: because they're they're definitely, you know, trying to kind of
Speaker 3: write this ship. And they were doing pretty well so
Speaker 3: far this year. But yesterday and day it's been two
Speaker 3: pretty rough days. Under Armoured declined after its forecast.
Speaker 4: For sales and profit for the fiscal year trailed. What
Speaker 4: was was expecting ticker is UAA in. The stock was
Speaker 4: down seventeen percent today. It was actually headed for double
Speaker 4: dish game before this. They're citing a financial hit from
Speaker 4: the Middle East, from the conflict in the Middle East.
Speaker 3: Annual revenue will decline slightly.
Speaker 4: Quite a few important metric missed analyst expectations, so that's
Speaker 4: definitely a weighing on sentiment. And you know, we've been
Speaker 4: watching this turnaround effort for quite some time and this
Speaker 4: is quite quite a challenge to it.
Speaker 1: Let's talk square Hamburgers.
Speaker 4: Square Hamburgers, Wendy shares well seventeen percent. We're seeing a
Speaker 4: offer by Triumph Fund Management bid to take the company private.
Speaker 4: We've seen this happen a few times, and people are
Speaker 4: wondering if it's going to happen.
Speaker 3: There is a low doubt. Nevertheless, the company.
Speaker 4: Just seventeen percent and big relief for a company that's
Speaker 4: been down more than in the past six years.
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