Monday, March 19, 2007

European Stocks Rise on Takeover Outlook; ABN Amro Paces Gain

European stocks rebounded from last week's losses on speculation ABN Amro Holding NV will be acquired and Imperial Tobacco Group Plc will raise its bid for Altadis SA.

ABN Amro surged to a record after a person familiar with the situation said Barclays Plc is in talks about buying the largest Dutch bank. Altadis jumped, leading tobacco stocks higher. TUI AG, Europe's largest tour company, had the biggest gain in more than three years on plans to buy First Choice Holidays Plc.

Read more at Bloomberg.com

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