The Shares Of Newmont And Oneok Dropped After They Reached A Buyout Deal

Shares of NeoGames experienced a remarkable surge of 120%, reaching $28.30, following the announcement of an agreement between Australian gaming technology developer Aristocrat Leisure and NeoGames. Under the deal, Aristocrat Leisure will acquire the digital lottery platform for $1.2 billion, equivalent to $29.50 per share.

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DuPont de Nemours saw a 2% increase in its shares (DD, +2.07%) after Deutsche Bank upgraded the chemicals producer from hold to buy. The bank's decision was motivated by the expectation that a period of 7.5 years characterized by significant mergers-and-acquisitions activity in the industry is coming to a close.

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On the other hand, there were some decliners in the stock market:

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• Newmont shares (NEM, +1.04%) dipped by 0.3% as the company announced its acquisition of Australian gold and copper producer Newcrest (NCMGY, +1.67%) for $17.5 billion.

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• Oneok shares (OKE, -5.84%) experienced a 5% decline after the company confirmed its purchase of Magellan Midstream Partners (MMP, +16.04%) for $18.8 billion in a cash and stock deal. This acquisition represents a 22% premium over Friday's closing price.

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