Dow Gains 100 Points; ISM Services PMI Falls In September
U.S. stocks rose Monday: Dow +0.2%, S&P 500 +0.62%, Nasdaq +0.84%. Materials led; ISM services PMI slipped to 54.9. Oil fell 1%.
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Take It or Leave It: Solidion Refuses to Raise Bid for Struggling Flux Power
Flux Power (FLUX) stock falls as Solidion (STI) stands firm on its final buyout offer, citing Flux's cash needs.
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Flux Power Holding shares are trading lower after Solidion said it will not raise its acquisition offer, calling its bid "best and final," while citing Flux's dilutive financing needs, regulatory challenges, and default risk.
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Solidion Technology Responds To Flux Power Board's Decision To Reject The Acquisition Proposal; Solidion Considers Its Bid To Be Best And Final; Sees No Basis To Increase Its Offer
"Solidion strongly disagrees with the Flux Power Board's assertion that its proposal 'significantly undervalues' the company," said Jaymes Winters, Chairman and CEO of Solidion Technology. "This