just noticed VEON popping off this morning, up like 5% already. apparently their subsidiary Jazz International is making a move to grab a controlling stake in TPL Insurance for around $14.6 million. that's the kind of thing that usually gets the market attention these days.



stock's sitting at $56 right now on Nasdaq, which is pretty solid given it closed yesterday at $53.18. the subsidiary play seems to be resonating with investors - makes sense if they're expanding into financial services. been watching this one trade between $34.55 and $64 over the past year, so we're definitely in the upper range today.

the deal is supposed to wrap up pretty soon actually, mid-2026 timeframe. interesting to see how they're building out their subsidiary portfolio in what sounds like a pretty hot market for them. not sure how much runway this has but the momentum is definitely there right now.
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