LMPX - Hot Stocks: Merger deals for STMP PM; earnings for LEVI PSMT; LMPX rises on debt refinancing
monsitj/iStock via Getty Images A couple of merger deals made headlines on Friday. Stamps.com (STMP) announced a going-private transaction valued at $6.6B. Meanwhile, Philip Morris International (PM) reached a billion-dollar deal to purchase U.K. inhaled medicines company Vectura. On the earnings front, Levi Strauss & Co. (LEVI) and PriceSmart (PSMT) both saw gains on the release of strong quarterly reports. LMP Automotive Holdings (LMPX) got a significant boost on news of debt refinancing and a stock buyback. SMART Global Holdings (SGH) moved in the opposite direction in Friday's pre-market. Shares dropped on news of a stock offering by one of its major shareholders. Stamps.com revealed a deal to be purchased by Thoma Bravo for $330 per share in cash. That represents a premium of 66.9% over the stock's closing price the day before the deal. STMP jumped more than 35% in pre-market action, rising to $268. Philip Morris announced a
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Hot Stocks: Merger deals for STMP, PM; earnings for LEVI, PSMT; LMPX rises on debt refinancing