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Under the terms of the merger agreement, core scientific stockholders will receive 0.1235 newly issued shares of coreweave class a common stock for each share of core scientific common stock based on a fixed exchange ratio. Coreweave (crwv) will not increase its $9b acquisition offer for core scientific (corz) despite opposition to the deal from some major shareholders. Coreweave ceo stands firm on $9b core scientific offer as shareholder opposition mounts michael intrator calls the deal a “nice to have” as iss and major investors urge shareholders to reject.
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Iss told investors to vote against coreweave’s $9 billion acquisition of core scientific, saying the target can succeed independently. Shares of core scientific dropped nearly 18% after the announcement, though they have since rebounded, suggesting the market values the company above coreweave's offer Artificial intelligence cloud infrastructure provider coreweave said monday it plans to buy core scientific, a data center infrastructure operator.
