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 be takeover targets and on a report
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
seven weeks on expectations private equity groups may bid for the
building-materials maker.


Read more at Bloomberg Stocks News

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