Shares of Matterport (NASDAQ:MTTR) and Surmodics (SRDX) fell as the Federal Trade Commission set a closed-door meeting for Thursday.
While the exact subject of the meeting wasn't disclosed, investors are often concerned that the FTC may be voting on ongoing deals that are being reviewed. CoStar (CSGP) agreed to buy Matterport (NASDAQ:MTTR) and Surmodics (SRDX) agreed to a sale to private equity firm GTCR. The MTTR/CSGP deal received a 2nd request from the FTC in July and Surmodics dreqwa 2nd request in August.
Surmodics (SRDX) dropped 3.6% on Friday, while Matterport (MTTR) declined 3.7%.
The FTC meeting may include as many as a dozen items, according to a CTFN item on Friday, which cited people familiar with the regulator. One person downplayed speculation that the HashiCorp (HCP) sale to IBM (IBM) would be on the agenda as well as the Surmodics (SRDX) transaction was unlikely to be a topic at the meeting. Shares of HashiCorp (HCP) ticked lower by 0.5% on Friday.
The FTC meeting will be the final session under current FTC Chair LIna Khan, who is set to be replaced by Andrew Ferguson with the incoming Trump administration.
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