THOMSON FINANCIAL NEWS TOP STORIES Europe 0805 BST |
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Tue, 10 Apr 2007 08:22
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LONDON (Thomson Financial) - Here are the top stories on Thomson Financial NewsRodamco Europe, Unibail agree 21 bln eur mergerAMSTERDAM (Thomson Financial) - Property companies Rodamco Europe NV and Unibail Holding SA said they intend to combine their activities through a merger of equals, with the proposed offer valuing Rodamco Europe at 11.2 bln eur and giving a 21 bln eur pro forma market capitalisation to the new group.The merger will be implemented through an exchange offer initiated by Unibail consisting of 0.53 Unibail common share for each Rodamco common share, valuing each Rodamco Europe share at 124.8 eur, a 15 pct premium over Rodamco Europe's closing share price on April 5.Enel board clears 41 eur/shr Endesa bid, lines up 35 bln eur credit - reportMILAN (Thomson Financial) - Enel SpA's board met yesterday to approve its 41 eur per share bid with its Spanish ally Acciona SA for 50.1 pct of Endesa SA, said Il Sole 24 Ore, citing sources close to Enel.In addition, the Enel board agreed on raising a 35 bln eur line of credit to fund the bid, it said, without giving details on the banks involved.Suzlon raises offer for Repower to 150 eur/share from 126PARIS (Thomson Financial) - Suzlon Energy Ltd said its bid vehicle Suzlon Wind Energie GmbH has increased its takeover offer for Repower Systems AG to 150 eur per share from 126, valuing the German wind turbine maker's equity at 1.22 bln eur.The latest bid is 10 eur above the competing offer by French nuclear power giant Areva.Altadis rejects Imperial's 'non-binding' improved 47 eur/shr bid
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