Orsted Plummets, S4 Capital Offer, Rheinmetall Slides
On this episode of Stock Movers:
- Shares in Danish company Orsted A/S dropped as much as 24% after it announced it will conduct a rights offering to raise as much as 60 billion Danish kroner ($9.4 billion).
-S4 Capital, the advertising agency founded by Martin Sorrell, is in talks to combine with private equity-owned MSQ Partners.
- European defense stocks are significantly underperforming on Monday morning, with markets looking to US President Donald Trump’s efforts to broker an agreement to end the war in Ukraine through a planned meeting with Russian President Vladimir Putin later this week.
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