European stocks advanced for a second day as investors bet takeovers will increase in the retail and gaming industries.
Debenhams Plc, the U.K.'s second-biggest department store chain, jumped the most in almost two weeks on speculation it may be bought, while Sportingbet Plc surged after the gaming company said it received an approach. E.ON AG reached a one-week high after Germany's largest utility reported earnings that topped analysts' estimates.
Read more at Bloomberg
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