(Bloomberg) -- European stocks rose, pushed higher by auto, construction and media companies, after DaimlerChrysler AG reported earnings that topped analysts' estimates and Hanson Plc and Reuters Group Plc agreed to be bought.
``Earnings have delivered positive surprises,'' said Ulrike Pfuhl, Frankfurt-based portfolio manager at JPMorgan Asset Management, which oversees $847 billion. ``The takeover wave is rolling on. As long as acquirers pay in cash this might be seen as an indicator that stock valuations are still attractive.''
Read more at Bloomberg Stocks News
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