Anglo American Surges, Monte Paschi Up, Saab Dips
On this episode of Stock Movers: - Anglo American rises as much as 8.5% in London, to its highest intraday level since Feb. 14, after the company agreed to merge with Canada’s Teck Resources, marking one of the biggest mining transactions in more than a decade.- Monte Paschi has secured a majority stake in Italian lender Mediobanca, cementing a once-unthinkable €16 billion takeover that’s set to reshape Italian finance.- Saab shares fall as much as 5.7% after Barclays initiated coverage of the Swedish defense company with an underweight rating, saying its stretched valuation…
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