Monday, April 23, 2007

European Stocks Rise on Takeovers; ABN Amro, Iberia, Novartis Pace Advance

(Bloomberg) -- European stocks extended last week's gain on speculation takeovers will increase after Barclays Plc agreed to buy ABN Amro Holding NV for 67 billion euros ($91 billion) in the world's biggest-ever financial-services takeover.

``Equities look set to continue their upbeat run,'' said Matt Buckland, a trader at CMC Markets in London. ``No real let- up in quality merger and acquisition news is playing a large part in keeping markets buoyant.''


Read more at Bloomberg Stocks News

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