About 18 months ago, Getty Images had announced plans to acquire rival Shutterstock (SSTK). Since Shutterstock is a British entity, the merger had to be approved by a British regulatory entity. The entity finally made a ruling, conditional approval of the merger, if Getty Images complied with certain conditions. Getty Images chose a different path and abandoned the merger.
Shutterstock (SSTK) shares tumbling on the news - down 29% today. Over the last 5 - 6 years, SSTK has been a steady dividend paying company. Will SSTK continue to pay a dividend after the failed merger? If it can, SSTK share price should recover
Hohum (small SSTK position)