Adobe (NASDAQ:ADBE) stock is in the news Monday as investors react to the company no longer moving forward with merger plans with Figma.

According to a press release from Adobe, the two companies came to a mutual agreement to end the $20 billion merger deal. Investors will remember that this would have seen Adobe acquire Figma with a mix of cash and stock.

Adobe also says that the reason for the termination of the merger is decisions made by regulators in Europe and the United Kingdom. These don’t leave it with a path to move forward with the deal, which is why the two companies are calling it off.

Shantanu Narayen, Chair and CEO of Adobe, said the following about the news:

“While Adobe and Figma shared a vision to jointly redefine the future of creativity and productivity, we continue to be well positioned to capitalize on our massive market opportunity and mission to change the world through personalized digital experiences.”

How This Affects ADBE Stock

Despite news of the merger termination, shares of ADBE stock are up 1.5% as of Monday morning. That comes alongside some 221,000 shares changing hands. That’s still a far way off from its daily average trading volume of about 2.9 million shares.

It makes sense that ADBE shares are getting a boost from today’s news. In these types of mergers, the company making the acquisition often sees its stock dip on the news. That has today’s jump helping ADBE stock regain lost ground. It could also be that investors weren’t a fan of the merger plan.

Investors seeking out even more of the most recent stock market stories for today are in the right place!

InvestorPlace is home to all of the hottest stock market stories that traders need to know about on Monday! Among that is what’s happening with shares of Minerva Surgical (NASDAQ:UTRS), Ebix (NASDAQ:EBIX) and iCoreConnect (NASDAQ:ICCT) stock today. You can catch up on all of these matters at the following links!

More Monday Stock Market News

• Why Is Minerva Surgical (UTRS) Stock Down 50% Today?
• Why Is Ebix (EBIX) Stock Down 47% Today?
• Why Is iCoreConnect (ICCT) Stock Up 49% Today?

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.