🔴 ABB is trading 4.1% down today after announcing a $5.5 billion Rotork acquisition despite beating Q2 profit forecasts

ABB is trading 4.1% down at CHF 79.80 following a sharp decline after announcing its largest-ever acquisition alongside second-quarter results.

• The company reported a beat on second-quarter operating profit forecasts and record quarterly orders, but the positive earnings were overshadowed by a $5.5 billion all-cash deal for Rotork.
• Market sentiment suggests investor caution regarding the execution and integration of the massive deal, outweighing the strong quarterly financial performance.