Deutsche Telekom Deal, ASM High, ABB Up
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Deutsche Telekom is considering a full combination with its American arm T-Mobile US Inc., a move that would create a multinational telecom group and rank as the largest-ever public M&A deal, people with knowledge of the matter said.
- ASM International shares rise as much as 8.2%, hitting a record high, after the Netherlands-based semiconductor equipment company reported first-quarter revenue that beat estimates
- ABB raised its revenue expectations for the year after a jump in orders for its power-grid products related to data centers.
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