Monday, July 23, 2007

European Stocks Gain on Takeovers; Friends Provident, Depfa, TomTom Rally

(Bloomberg) -- European stocks advanced, lifted by
takeovers in the financial and technology industries.

Friends Provident Plc and Resolution Plc rose after the U.K.
insurers said they are discussing a merger. Depfa Bank Plc jumped
after Hypo Real Estate Holding AG offered 5.7 billion euros ($7.9
billion) for the German bank. Tele Atlas NV, the world's second-
biggest maker of maps, soared as it received a bid from TomTom NV.


Read more at Bloomberg Stocks News

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