Joined Nov 11, 2007
31,929 Blog Posts

M&A Activity Helps to Lift European Stocks

European (SXXP) stocks climbed amid an increase in mergers-and-acquisition activity and before a U.S. report that may show retail sales gained for a third month. U.S. index futures also rose, while Asian shares were little changed.

Orkla ASA (ORK) jumped 5.6 percent after agreeing to combine units with Norsk Hydro ASA.Douglas Holding AG (DOU) jumped 7.8 percent after Advent International Corp. made a 1.5 billion euros ($1.9 billion) takeover offer for the retailer. Vivendi SA (VIV) gained 2.9 percent on a report the company is in talks to merge its mobile-phone unit SFR with Numericable.”

Full article

If you enjoy the content at iBankCoin, please follow us on Twitter