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EasyJet Soars, Thales Rises, Continental Dips
Published 3 months, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- EasyJet has agreed to a takeover offer of more than £5 billion from Castlelake, signalling a potential wave of deal-making in the airline sector. EasyJet shares soared to more than 11%.
- Thales has agreed to buy the Gorgé family’s 35.51% stake in Exail Technologies and plans to acquire the rest of the maritime robotics company via a mandatory tender offer.
- Continental has agreed to sell its industrial unit to Lone Star Funds, completing the German manufacturer’s shift to focus on its tires business. Continental shares dipped as much as 3.2%.
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