SK Hynix; Broadcom Expands Apple Pact; Solstice-Element Merger Talks
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Korean-listed shares of SK Hynix (000660 KS) declined after the chipmaker kicked off the formal marketing process for its US listing on Friday. The company is seeking to sell American depositary receipts representing about 17.79 million common shares, which would be valued at about $28 billion based on Friday’s closing price in Seoul. The offering of ADRs comes after the firm’s Seoul-traded stock rallied about 260% this year, propelling the company’s market capitalization above $1…
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