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THOMSON FINANCIAL NEWS TOP STORIES Europe 1605 BST


Published : Tue, 10 Apr 2007 16:22
By : Agencies
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LONDON (Thomson Financial) - Here are the top stories on Thomson Financial News

PPR buys 25.14 pct of Puma for 330 eur/shr, to make offer for rest

HERZOGENAURACH, Germany (Thomson Financial) - PPR SA unit Sapardis SA acquired a 25.14 pct stake in Puma AG from German billionaire siblings Guenter and Daniela Herz and aims to buy the rest of the company in a 'friendly transaction' that values Puma at 5.69 bln eur.

Puma's management board 'fully supports' the takeover and will recommend that shareholders accept the offer after reviewing the offer document, according to a statement by the French luxury goods firm.

Rodamco Europe, Unibail agree 21 bln eur merger

AMSTERDAM (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

MILAN (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, a source close to the deal said.

The source said Enel will make a statement later in the day.

Suzlon raises offer for Repower to 150 eur/share from 126

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