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European Markets Advance On M&A News |
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1:29 PM EDT October 03 2005 |
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European markets finished up on a day of high merger-and-acquisition activity with U.K. pharmacy chains Boots and Alliance Unichem announcing a merger deal, and talk that Spain’s Telefonica is interested in acquiring the Dutch telecom KPN. Weaker euro also supported markets by giving a boost to export-related issues. The German DAX 30 rose 0.8%, the French CAC 40 gained 0.4%, while London’s FTSE 100 added 0.4%. |
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