Takeover/Merger Price Action
The potential acquirer/merger partner (CIMB, MAYBANK) goes down while the acquiree rises.(RHBCAP) This is generally the case. It is the market's way to make the acquirer pay more for perceived 'synergy' benefits to the new merged entity, which begs the question, why do it? I guess they use it as a tool to spur market sentiment.
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