Europe shares pare losses; M&A counters credit woes

(Reuters) - European shares pared losses in mid-morning trade on Monday as merger and acquisition news helped distract investors from credit market worries.

At 0940 GMT, the FTSEurofirst 300 of top European shares was down 0.6 percent at 1,507.81 points after earlier falling as low as 1,500.39.


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