Paschi Up, Renault Down, CTS Eventim Drops

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Monte dei Paschi di Siena is seeking to buy two separate banks for a combined price of €34 billion ($40 billion) in a defensive move designed to ward off a takeover by rival Intesa Sanpaolo SpA.
- Renault gets downgraded to equal weight from overweight at Barclays, with analysts citing tough competition and the need for major cost cuts.
- CTS Eventim drops after reporting normalized Ebitda for the first half-year that met the average analyst estimate.

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