(Bloomberg) -- European stocks rose for the first day in three days, paced by ABN Amro Holding NV after a group led by Royal Bank of Scotland Plc offered 39 euros a share to buy the Dutch bank, in the biggest takeover battle in the financial-services industry.
``This has got to be a knockout blow,'' said Kevin Lilley, who helps manage about $2.5 billion at Royal London Asset Management. ``Banks are such a large sector in Europe so this news is bound to have a positive impact on the market. M&A is underpinning equities.''
Read more at Bloomberg Stocks News
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