Industrial Shares Rise as Markets Watch Middle East — Industrials Roundup
Shares in the Industrial sector edged higher as markets watched Middle East talks ahead of key U.S. indicators. June manufacturing PMI, due Tuesday, is expected to edge lower.
Building-materials supplier CRH said it will acquire rival Arcosa in a deal valued at roughly $8.5 billion, including debt. CRH said that Arcosa's operations will advance its strategy to build an aggregates-led portfolio aligned with growing infrastructure megatrends.
Lucid Group will lay off about 18% of its U.S. workforce, including its chief operating officer, as the company continues to streamline its structure, reduce costs and align production with anticipated demand.
EasyJet's board rejected Castlelake's third 4.74 billion-pound ($6.27 billion) takeover bid, but the U.S. investment firm urged the carrier's shareholders to support its plan to take the U.K. budget airline private after the Middle East conflict hit its shares.
Shares of AeroVironment fell after the company said its financial statements for the quarter that ended in late January would have to be reissued due to an error.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
(END) Dow Jones Newswires
June 22, 2026 17:40 ET (21:40 GMT)
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