PANews reported on October 29th that, according to CoinDesk, investment bank Jefferies stated that Core Scientific (CORZ) shareholders are expected to vote against the merger proposal with CoreWeave (CRWV) on October 30th. The report noted that CORZ's stock price is currently trading approximately 18% higher than the merger offer, indicating that investors believe the deal undervalues the company. Jefferies maintained its "buy" rating on CORZ and raised its target price to $24, citing the company's independent growth potential driven by demand for AI data centers.
Jefferies: Core Scientific shareholders may veto merger with CoreWeave
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