Orange weighs on European shares after Jazztel deal
LONDON, Sept 16 (Reuters) - European equity markets edged lower on Tuesday, keeping within their recent range while mergers & acquisitions activity took centre stage after a wave of bids.
France's Orange fell 0.7 percent after saying late on Monday it reached a deal to buy Spanish fixed line telecommunications operator Jazztel, whose shares surged 6 percent.
Italian defence group Finmeccanica rose 0.7 percent after saying it has received four non-binding offers for its railway units Ansaldo STS, up 1.1 percent, and AnsaldoBreda.
At 0708 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,379.16 points. The index has been trading sideways before Scotland votes on independence and the U.S. Federal Reserve holds its latest policy meeting, with both events due later this week. (Reporting By Francesco Canepa, editing by Tricia Wright)
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