(Bloomberg) -- European stocks rose for a second day after ABN Amro Holding NV said banks including Royal Bank of Scotland Group Plc may offer to buy the company and Royal Philips Electronics NV reported profit that beat analysts' estimates.
ABN Amro shares jumped to a record high. The Dutch bank that's the target of the largest takeover battle in the financial-services industry also said first-quarter profit surged 31 percent, reporting earnings earlier than anticipated because of ``recent developments.'' Royal Bank of Scotland and ING Groep NV also paced the gains.
Read more at Bloomberg Stocks News
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