Why Shares of Eros International Both Rose 42% and Fell 23% in One Day [The Motley Fool]
EROS INTL PLC (EROS)
Last eros intl plc earnings: 11/15 07:45 am
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Source: The Motley Fool
Jon Quast(TMFJaguar)Author BioAfter spending over a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. What's great about exploring business and the economy is the insight it gives you into how things are in the world. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform.Follow @@TMFJaguarWhat happenedIt was a wild Monday for shareholders of Indian movie studioEros InternationalNYSE:EROSIt appears that investors aren't certain how to process the news that Eros International is merging with privately held STX Entertainment.It was an up and down day for Eros stock. Image source: Getty Images.So whatSTX Entertainment is listed as the surviving corporation in the merger agreement, meaning this is what is commonly called a reverse merger, which allows a company t
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