Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Akzo Nobel has rejected a cash offer from Japanese peer Nippon Paint and US paintmaker Sherwin-Williams and will press on with plans to merge with US firm Axalta Coating Systems.
- Deutsche Lufthansa reassured customers that fuel supply is stable and urged passengers to “absolutely” book summer vacations, an appeal that comes as Europe’s largest airline group depends on peak travel demand to meet its financial goals.
- CVC Capital Partners has divested its 13.8% stake in Naturgy Energy Group after eight years as a key investor in the Spanish utility.