How Does Legrand's $1.1B Acquisition Boost Its Data Center Play?

On this episode of Stock Movers:
- Rheinmetall rose along with other European defense companies as drone sightings, such as those around Munich airport, suggested an expansion of tensions towards western Europe.
- Legrand shares hit a record high, after the French electrical devices maker acquired Avtron Power Solutions for an enterprise value of $1.1 billion.
- Raiffeisen was up on reports the EU would lift sanctions on assets linked to Russian oligarch Oleg Deripaska to compensate the bank for damages it had to pay in Russia.

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