Nu Holdings Denies Monzo Deal Reports, Shares Reverse Selloff
Nu Holdings (NU) shares jumped after hours on Wednesday after the Nubank parent denied reports it was pursuing an £8 billion-to-£10 billion takeover of Britain's Monzo, reversing an earlier selloff.
Nu Holdings (NU) shares climbed after hours on Wednesday after the Nubank parent said it is not pursuing a deal for Britain’s Monzo, reversing a selloff that followed weekend reports of an £8 billion-to-£10 billion takeover. Nu said in a filing with the Securities and Exchange Commission that the…