Northern Star Investment II surged today after people familiar with the matter said Apex Clearing, a securities custody and clearing firm, is in talks for a merger with the blank-check company, Bloomberg reports.
A combination would value Apex and the SPAC at as much as $5 billion, said one of Bloomberg’s sources. Units of Northern Star II, which is backed by Jonathan Ledecky, co-owner of the National Hockey League’s New York Islanders, rose as much as 9.1 percent in morning trading. Read more.
