RAY Overview

Auction Activity: Bill.com and C3 AI are currently up for sale, with Bill.com seeking bids following activist pressure from Starboard Value, and C3 AI's sale coinciding with CEO Tom Siebel's resignation.

M&A Developments: Clayton Dubilier & Rice is considering a takeover of Sealed Air, while Dayforce's shareholders approved a buyout by Thoma Bravo. Additionally, major companies like Paramount, Comcast, and Netflix are preparing bids for Warner Bros. Discovery.

Private Equity Moves: Clearlake Capital is acquiring Pathway Capital Management for nearly $1 billion, which will significantly increase its assets under management, while Permira is looking to sell Golden Goose, with HongShan Capital Group showing interest.

Purdue Pharma Bankruptcy: Purdue Pharma has received court approval to exit bankruptcy, restructuring its multibillion-dollar opioid settlement and establishing a new public-benefit company focused on addiction treatment, following a revised plan after the U.S. Supreme Court's intervention.

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Lucas GC Limited Financial Results: Lucas GC Limited's shares surged 36.2% to $3.73 in pre-market trading after reporting H1 2025 earnings per share (EPS) of $1.47 on sales of $54.008 million.

Other Notable Gainers: MSP Recovery, Inc. saw a dramatic 262% increase to $0.7706, while SMX (Security Matters) Public Limited Company rose 72% to $3.47, among other significant pre-market gains.

Stocks Experiencing Losses: ZOOZ Strategy Ltd. dropped 28.3% to $1.01, and Alvotech fell 21.6% to $6.00, reflecting a trend of declines in several stocks after previous gains.

Market Overview: The pre-market trading session showed a mix of significant gains and losses across various stocks, indicating volatility in the market following recent trading activities.