CSG Soars, Babcock Down, Ericsson Jumps
On this episode of Stock Movers:- Armored vehicle and munitions maker CSG’s shares soared in its Amsterdam trading debut on Friday morning, after the firm and its owner raised €3.3 billion ($3.9 billion) in an initial public offering.Shares rose as high as €33 apiece in the first hours of trading, 32% higher than the offer price of €25 each.- Babcock shares drop as much as 3.8% after the support services company said CEO David Lockwood is retiring and will be succeeded by the head of its Nuclear division, Harry Holt. - Ericsson proposed its first-ever buyback after…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.