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MoneyLion Inc. Stockholders Approve Proposed Acquisition by Gen Digital Inc.

1. MoneyLion's shareholders approved merger with Gen Digital, boosting strategic alignment. 2. Final voting results will be submitted to SEC via Form 8-K.

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$85.0104/10 05:05 PM EDTEvent Start
$85.4104/11 11:17 PM EDTLatest Updated
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FAQ

Why Bullish?

Shareholder approval of a merger often strengthens market confidence. Historical mergers have led to increased share prices due to perceived synergies.

How important is it?

The merger could enhance growth prospects, making ML an attractive investment. Increased synergies often lead to more robust financial performance post-merger.

Why Short Term?

The immediate effect from the merger approval typically translates into short-term price movements. Past instances show that market reactions are often strongest right after such announcements.

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GENLCAFG
NEW YORK--(BUSINESS WIRE)--MoneyLion Inc. (“MoneyLion”) (NYSE : ML) today announced that its stockholders voted to approve the definitive agreement with Gen Digital Inc. (“Gen Digital”) (NASDAQ : GEN). The final voting results for the special meeting will be filed in a Form 8-K with the U.S. Securities and Exchange Commission. As previously announced, under the terms of the definitive agreement, each share of MoneyLion's Class A common stock that is issued and outstanding as of immediately prio.

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