(Reuters) - E.ON gave up its 42-billion-euro offer to buy Endesa on Monday, announcing instead a deal with rivals Enel and Acciona to carve up the Spanish firm in the final twist of an 18-month takeover saga.
The news sent the DJ Stoxx European utilities index to a life-time high on Tuesday of 491.60. The index was up over 2 percent at 490.06 by 1200 GMT, the biggest one-day rise since Jan. 11 this year.
Read more at Reuters.com Mergers News
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