$Activision Blizzard(ATVI)$ ‘s aquisition by $Microsoft(MSFT)$ finally come to a major breakthrough on July 11th when a US federal judge rejected the Federal Trade Commission's (FTC) request for a temporary restraining order to prevent Microsoft from completing the acquisition. The court ruling allows Microsoft to seek completion of the merger with Activision Blizzard in any market except the UK before the final deadline on July 18th. As I mentioned before, this acquisition case is the "last stop" of a potential acquisition with an annualized return of 40%. Prior to today's news, ATVI's stock price was at $82, with a remaining 15.8% gap from the acquisition price of $95. However, with this news, the stock
Will small-cap gains continue?
Small-cap stocks in the United States have started to catch up. --------- How do you view the rally of IWM? Is it time for small-cap? Will small-cap gains continue?
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