Regulators Oppose Adobe's Figma Acquisiton Plan: What Should You Do With the Stock?
Adobe (NASDAQ: ADBE) has been among the best and most consistently performing software investments over the past decade. However, investors' confidence in the company's management was shaken after it announced its plans for a $20 billion acquisition of Figma in September. Shares sank by 17%.
Since then, the stock has recovered some of those losses. But after news broke last week that the Department of Justice is planning on filing a lawsuit objecting to this acquisition, the stock fell another 8%.
This challenge shouldn't surprise investors, but it has left many wondering what they should do with the stock.
Source Fool.com