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Barchart
Barchart
Wajeeh Khan

Shutterstock and Getty Are Calling Off Their Merger. SSTK Stock Is Plummeting.

Shutterstock (SSTK) shares crumbled on July 1 after the NYSE-listed company confirmed its highly anticipated merger with Getty Images (GETY) had collapsed.

Investors aggressively dumped SSTK after GETY’s management said it is backing out of the planned $3.7 billion transaction.

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