On October 1, Nu Holdings Ltd. rose 5.77% overnight, trading at $13.39 per share. The rebound came after the company formally dismissed acquisition rumors that had previously triggered a sharp selloff.

On the news front, Nu Holdings Ltd. disclosed through a regulatory filing that it is not pursuing a transaction with UK digital bank Monzo, stating that the company remains focused on its existing strategic priorities and that its capital allocation framework is unchanged. The filing was a direct response to earlier media reports citing sources that Nu was in talks to acquire Monzo in a deal valued at between 8 billion and 10 billion British pounds. The rumored acquisition had sent the stock down approximately 10% in a single session, as investors raised concerns over the massive capital outlay for a European expansion where Nu currently has no substantive core operations.

With the official denial now on record, the stock has entered a sustained recovery phase. Monzo had reportedly engaged Morgan Stanley and Slaughter & May as advisors for the potential deal, though the talks were described as being at an early stage before Nu's formal rejection.

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