On this episode of Stock Movers:
- Worthington Steel, Klöckner signed business combination agreement, and Swoctem GmbH, Klöckner’s largest shareholder, committed to tender its 41.5% stake. Klöckner shares rose almost 30% at the open.
- RBC Capital Markets upgrades Close Brothers Group to outperform from sector perform, noting the lender has “more fat” to trim on costs. The stock rose as much as 5.5%.
- Delfin Sarl, the investment firm of the billionaire Del Vecchio family, denied it’s in talks with UniCredit SpA over potentially selling its 17.5% stake in rival lender Banca Monte dei Paschi di Siena SpA.
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