Market Reactions to Leadership Changes and Strategic Acquisitions

On this episode of Stock Movers:
- Temenos shares drop as much as 14%, the most since February 2024, after the Swiss banking software provider dismissed CEO Jean-Pierre Brulard, naming CFO Takis Spiliopoulos as his successor and interim CEO. ZKB says the dismissal adds uncertainty to the investment case.
- Orsted falls as much as 2.2% after the wind farm developer cut its Ebitda excluding items forecast for the full year.
- Hexagon gains as much as 7.4%, the most since July, after the Swedish industrial design and measurement firm announced it would sell its design and engineering (D&E) unit to Cadence Design Systems for €2.7 billion ($3.2 billion).

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