European stocks dip as investors book recent gains
(Adds closing levels, recasts with profit-taking in late trade)
* FTSEurofirst 300 dips 0.3 pct following sharp gains
* Deutsche Telekom, Bouygues, Iliad up on M&A talk
* More than $312 billion in European M&A year-to-date
* Europe stocks enjoy further inflows from U.S. funds
By Blaise Robinson
PARIS, May 2 (Reuters) - European stocks dipped late on Friday as investors, wary that the confrontation over Ukraine could escalate over the weekend, booked recent gains spurred by an M&A wave.
The FTSEurofirst 300 index of top European shares ended 0.3 percent lower at 1,351.08 points. It slightly rallied following better-than-expected U.S. jobs data, before investors started to take profits off the table in late trade.
Pro-Russian rebels shot down two Ukrainian helicopters on Friday and Moscow accused Kiev of wrecking hopes of peace by launching a "criminal" assault to retake the separatist-held town of Slaviansk. Continuación...