Wednesday, June 20, 2007

European Stocks Rise on Takeover Speculation; Clariant, Ciba, Allianz Gain

(Bloomberg) -- European stocks advanced for the
first time in three days on speculation Clariant AG and Ciba
Specialty Chemicals AG may receive offers and Allianz SE may sell
its Dresdner Bank unit.

Clariant and Ciba surged after Huntsman Corp. of the U.S.
told Switzerland's Handelszeitung that the companies would be
``interesting'' takeover candidates. Allianz, Europe's largest
insurer, gained for a fifth day. CRH Plc climbed the most in two
weeks on expectations private equity groups may bid for the
building-materials maker.


Read more at Bloomberg Stocks News

No comments: