European Stocks Rise on Bid Speculation; ICI, Sainsbury Pace the Advance

(Bloomberg) -- European stocks gained after Akzo Nobel
NV made an offer for Imperial Chemical Industries Plc and a report
signaled a group may bid for Sainsbury Plc, fueling speculation of
more takeovers in the chemical and retail industries.

ICI surged 16 percent, sending the Dow Jones Stoxx 600
Chemicals Index to a record. Sainsbury, the U.K.'s third-biggest
supermarket chain, and Tesco Plc, Britain's largest supermarket
company, paced an advance by retailers.


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European Stocks Rise for Third Day; Sainsbury, Tesco Pace the Advance

(Bloomberg) -- European stocks advanced for a third
day after Delta (Two) Ltd. bought shares in J Sainsbury Plc,
lifting retail companies including Tesco Plc.

Axa SA, Europe's second-largest insurer, and bank UniCredit
SpA gained.


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