US stocks fluctuate | Core Scientific (CORZ.US) falls more than 20% as it is acquired in a full stock acquisition by CoreWeave (CRWV.US)
According to the financial news app Zhitong Finance, on Monday, CoreWeave (CRWV.US) fell more than 3.5%, closing at $159.4; Core Scientific (CORZ.US) fell more than 20%, closing at $14.275. In terms of news, CoreWeave will acquire digital infrastructure company Core Scientific in an all-stock transaction to enhance profitability and expand data center capacity. The per-share value of this transaction is $20.4. The agreed exchange ratio implies a valuation of approximately $9 billion for the company.
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