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What's Going On With VNET Stock On Wednesday?

Benzinga·
What's Going On With VNET Stock On Wednesday?

VNET Group shares surged 28.44% on Wednesday following news that PJ Millennium I and II Limited agreed to acquire nearly 650 million shares at $1.44 per share ($8.69 per ADS), giving them approximately 38.1% ownership. The deal is expected to close in Q4 2026 pending shareholder approval. Despite positive company-specific news, broader markets showed mixed performance with the Russell 2000 down 0.33% and S&P 500 up 0.04%.

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