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Monte Dei Paschi Up, Tate & Lyle Out, Zealand Pharma Down
Published 2 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for €30.6 billion ($35.3 billion) in a move that’s set to spur a new phase of dealmaking in Italian finance.
- Ingredion agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), in a move that marks the end of the UK company’s near-century on the London Stock Exchange.
- Zealand Pharma shares tumbled after new data on two experimental obesity drugs fueled concerns about their ability to compete in an increasingly crowded weight-loss market.
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