SVAC
$10.24
Spring Valley Acquisition Corp.
Recent News
Warner Bros. reopens Paramount talks, Tripadvisor to revamp board
Morning Brief host Julie Hyman takes a look at some of Tuesday morning's trending tickers and stories. Warner Bros. Discovery (WBD) is set to reopen acquisition discussions with Paramount (PSKY), potentially reigniting another bidding war with Netflix (NFLX). Tripadvisor's (TRIP) board will reportedly be overhauled by activist investor Starboard (SVACW), according to the Wall Street Journal. Medical-device maker Masimo (MASI) will reportedly be acquired by life sciences company Danaher (DHR) for $9.9 billion, according to the Financial Times. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
General Fusion Intends to Go Public
Canada’s General Fusion plans to go public through a SPAC merger with Spring Valley Acquisition Corp. III, riding a wave of increasing power demand and public interest in fusion energy. General Fusion expects to list by midyear on the Nasdaq composite with the ticker GFUZ. Greg Twinney, chief executive of General Fusion, said in an interview that the merger will give the company the funding needed to hit scientific milestones with its demonstration machine, called Lawson Machine 26, on the way to delivering a commercial fusion plant.
General Fusion Agrees to SPAC Merger, Targeting Public Market Debut
Fusion developer plans mid-year merger with Spring Valley SPAC at roughly $1 billion valuation.