Lion Capital’s tender offer for Fondul Proprietatea (FP.RO) shares ended by getting it about 49% of the stake sought, after the price offered, RON0.68/share, led to a fast-paced increase in its price on the market, which quickly came close to the offer price.
Bitcoin’s 12-day ETF outflows, derivatives data and the crypto market in tandem trading with tech stocks suggest traders will continue to cut exposure to risk assets. Key takeaways: Heavy outflows from Bitcoin exchange-traded funds and massive liquidations show that the market is purging highly leveraged buyers. Bitcoin options metrics reveal that pro traders are hedging for further price drops amid a tech stock sell-off. Read more