Wednesday, July 11, 2007

Vallourec Shares Jump on Speculation Arcelor Mittal to Make a Takeover Bid

(Bloomberg) -- Shares of Vallourec SA, a French
maker of steel tubes used to carry oil and gas, jumped as much
as 6.2 percent on speculation the company may get a takeover
offer from Arcelor Mittal.

The stock rose 7.9 euros, or 3.6 percent as of 4:42 p.m. in
Paris and had earlier gained as much as 13.67 euros.


Read more at Bloomberg Stocks News

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