(Bloomberg) -- European stocks rose for a fourth day after EMI Group Plc, the world's third-largest music company, said it received takeover approaches and Merrill Lynch & Co. predicted BHP Billiton Ltd. could be broken up and sold for $201 billion.
``Takeover activity will accelerate in 2007,'' said Klaus Hagedorn, who manages about $850 million at Metzler Investment GmbH in Frankfurt. ``This will boost equity markets.''
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