(Reuters) - Travel and leisure stocks were standout gainers, with hotel
group Accor rallying 10 percent and Intercontinental
Hotel up 4 percent as private equity firm Blackstone
Group agreed to buy Hilton Hotels for about $20
billion plus debt, spurring talk of further industry
consolidation.
The pan-European FTSEurofirst 300 index rose 0.4
percent to 1,620.2, its strongest close since June 20, and up 9
percent so far this year, boosted by corporate takeovers and
strong earnings. The index jumped 16 percent in 2006.
Read more at Reuters.com Mergers News
group Accor rallying 10 percent and Intercontinental
Hotel up 4 percent as private equity firm Blackstone
Group agreed to buy Hilton Hotels for about $20
billion plus debt, spurring talk of further industry
consolidation.
The pan-European FTSEurofirst 300 index rose 0.4
percent to 1,620.2, its strongest close since June 20, and up 9
percent so far this year, boosted by corporate takeovers and
strong earnings. The index jumped 16 percent in 2006.
Read more at Reuters.com Mergers News
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