Group 1 - Companies involved in large mergers saw a boost in their stock prices following Donald Trump's election victory, which raised optimism for regulatory approvals [1] - Discover Financial Services (DFS) experienced an 18% increase in stock price amid its $35.3 billion acquisition plan by Capital One Financial (COF), despite previous regulatory investigations [2] - Kroger (KR) and Albertsons (ACI) also saw stock gains of nearly 4% and over 2% respectively, as their $24.6 billion merger faces regulatory scrutiny [2] - Cleveland-Cliffs (CLF) shares rose approximately 22%, as the company may have a renewed opportunity to acquire U.S. Steel (X), which previously rejected its $7.25 billion offer [2] Group 2 - U.S. Steel's stock increased by 8% following Trump's comments about blocking its acquisition by Nippon Steel, emphasizing the potential for U.S. Steel to remain an American company [2] - Year-to-date stock performance data indicates significant gains for Discover Financial, Capital One Financial, Kroger, Albertsons, Cleveland-Cliffs, and U.S. Steel, reflecting market optimism [3]
Shares of Companies with Big Merger Plans Jump After Trump Election