Morning Movers: Interpublic Group jumps following deal to be acquired by Omnicom

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Interpublic Group (IPG) up 14% after Omnicom (OMC) and the company announced their boards of directors have unanimously approved a definitive agreement pursuant to which Omnicom will acquire Interpublic in a stock-for-stock transaction
• Palantir (PLTR) up 6% after announcing an expansion of its contract with the U.S. Special Operations Command to deliver technology solutions in support of enterprise capabilities.
• Dow Inc. (DOW) up 5% after reporting that it has entered into a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management. for $2.4B

UP AFTER EARNINGS –

• Hello Group (MOMO) up 5%

DOWN AFTER EARNINGS –

• VersaBank (VBNK) down 1%

LOWER –

• Omnicom (OMC) down 3% after the company and Interpublic announced their boards of directors have unanimously approved a definitive agreement pursuant to which Omnicom will acquire Interpublic in a stock-for-stock transaction
• Nvidia (NVDA) down 2% after China Central Television said in a report that China’s State Administration for Market Regulation opened an investigation looking into Nvidia over suspicions that the chipmaker has broken anti-monopoly laws
• AMD (AMD) down 1% after BofA downgraded the stock to Neutral from Buy with a price target of $155, down from $180