Why GreenSky Stock Soared 53% Today

why greensky stock soared 53 today

Sumary of Why GreenSky Stock Soared 53% Today:

  • What happened Shares of GreenSky (NASDAQ:GSKY) surged 53.2% on Wednesday after the specialty lender agreed to be acquired by Goldman Sachs (NYSE:GS).
  • GreenSky struck a deal with financial services powerhouse Goldman Sachs.
  • Investors will receive 0.03 shares of Goldman Sachs’ stock for each share of GreenSky they own.
  • “In combination with Goldman Sachs, we’re excited to continue delivering innovative point-of-sale payment solutions for our merchant partners and their customers on an accelerated basis,” GreenSky CEO David Zalik said in a press release.
  • By acquiring GreenSky, Goldman Sachs is making an aggressive move into the popular “buy now, pay later” space.
  • Goldman has invested heavily in recent years to expand its Marcus consumer finance business, which the company views as a key complement to its core investment banking and wealth management operations.

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