The Federal Trade Commission (FTC) has scheduled a closed meeting for next Thursday. Although the topic of the meeting has not been disclosed, investors are already speculating that it may concern ongoing mergers and acquisitions (M&A) transactions.
One pair of companies experiencing declines today due to uncertainty about the future of their deal is Matterport (MTTR.US) and CoStar (CSGP.US). CoStar announced its intent to acquire Matterport on April 22 last year, causing the stock price of the target company to surge by over 175%. Since then, the FTC has requested more details from the companies regarding the potential acquisition. Today, Matterport's stock is down over 4%, driven by investor concerns about the completion of the deal, while CoStar is down nearly 2.4%.
The FTC meeting on Thursday will be the last one with its current composition, as Andrew Ferguson is set to become the new FTC Chairman following the change in administration and Donald Trump's assumption of the presidency.
Matterport's shares erase almost all the gains the company has recorded since the beginning of the year. Source: xStation
Apple earnings beat Wall Street estimates ๐จ iPhone sales below expectations
๐ฝS&P 500 companies with the record net margin since 2009 - FactSet data
Market Wrap: UK100 skyrockets after BoE ๐ฌ๐ง ๐ Euphoric gain as ECB Lagarde speaks ๐ช๐บ ๐
Apple Q2 2026: stable results or the beginning of a new growth cycle?