Sun, Feb 03, 2008 - Page 10 News List

EUROPE: European markets snap seven-week losing streak

GAINING GROUND National benchmarks rose in all 18 western European markets except Norway, Austria and Greece on signs that industrials are ready to consolidate

BLOOMBERG

Mitchells & Butlers surged 15 percent. The owner of the O'Neill's pub chain said on Wednesday an undisclosed number of suitors expressed interest in a takeover.

Private equity firms TPG Inc, CVC Capital Partners Ltd and Cinven Ltd are among the suitors that approached Mitchells & Butlers, the London-based Times reported on Friday, without citing anyone.

Meinl European Land Ltd soared 41 percent. The Austrian developer that lost 52 percent of its market value last year had its biggest ever gain on Wednesday after saying it's in talks with "several" potential bidders.

This story has been viewed 4230 times.
TOP top