Source Capital shares rise 1.92% intraday after MSQ Partners' acquisition talks with S4 Capital fizzle out.

Source Capital rose 1.92% intraday, with the company's share price being influenced by the recent news that S4 Capital, a parent company of .Monks, confirmed exploratory talks with MSQ about a strategic merger. However, MSQ Partners has since clarified that it is not in talks with S4 Capital, and its largest shareholder, One Equity Partners, may have been involved in preliminary discussions. This clarification has led to a 33% drop in S4 Capital's share price since the beginning of the year.