On this episode of Stock Movers:
- Anglo American rises as much as 8.5% in London, to its highest intraday level since Feb. 14, after the company agreed to merge with Canada’s Teck Resources, marking one of the biggest mining transactions in more than a decade.
- Monte Paschi has secured a majority stake in Italian lender Mediobanca, cementing a once-unthinkable €16 billion takeover that’s set to reshape Italian finance.
- Saab shares fall as much as 5.7% after Barclays initiated coverage of the Swedish defense company with an underweight rating, saying its stretched valuation and relatively small scale could mean downside to the stock price.
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