Sunday, May 20, 2007

European Stocks May Rise on Takeovers, Led by Capitalia, Financial Shares

(Bloomberg) -- European stocks may climb for a third
day after Italy's UniCredit SpA agreed to buy Capitalia SpA for
21.8 billion euros ($29.5 billion), sparking speculation of more
takeovers in the financial services industry.

Banca Popolare dell'Emilia Romagna Scrl might rise after
Banca Popolare di Milano Scrl, a 142-year-old cooperative lender,
agreed to buy the smaller rival. Friends Provident Plc may
advance after the Observer reported Axa SA may consider a bid for
the U.K. insurer. BHP Billiton Ltd. and Rio Tinto Group may
advance on higher metal prices.


Read more at Bloomberg Stocks News

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