Wednesday, July 11, 2007

European Stocks May Climb, Led by BHP, Rio Tinto on Takeover Speculation

(Bloomberg) -- European stocks may rise for the
first time in three days, led by BHP Billiton Ltd. and Xstrata
Plc on takeover speculation in the mining industry after a report
that Rio Tinto Group will make a bid for Canada's Alcan Inc.

Rio Tinto shares were suspended from trading in Australia
after the Wall Street Journal reported the company is in the
final stages of an agreement to buy Canada's Alcan for $37
billion. Shares of Ericsson AB may be active after Sony Ericsson
Mobile Communications Ltd. reported the slowest profit growth in
almost two years.


Read more at Bloomberg Stocks News

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