U.S. stocks were higher, with the Nasdaq Composite gaining more than 200 points on Thursday.
Shares of Radian Group Inc. (NYSE:RDN) rose sharply during Thursday's session after the company announced it entered into a definitive agreement to acquire Inigo for $1.7 billion.
The deal, funded primarily with cash on hand and excess subsidiary capital, values Inigo at 1.5 times its expected 2025 tangible equity. It is projected to close in the first quarter of 2026 and nearly double Radian's revenue while boosting earnings per share by mid-teens percentages in the first full year.
Radian Group shares jumped 11.2% to $38.63 on Thursday.
Here are some other big stocks recording gains in today’s session.
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