Tech stocks lead European shares higher on M&A boost

viernes 19 de diciembre de 2014 04:45 GYT

* FTSEurofirst 300 up 0.6 pct after Thursday's 3 pct rally

* Air France tumbles after third profit warning

* Energy shares fall again as oil prices under pressure

By Blaise Robinson

PARIS, Dec 19 (Reuters) - European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech shares after unveiling a deal to buy Xerox Corp's IT outsourcing arm.

Atos, set to pay 1.05 billion for the unit, said the deal was expected to boost its earnings per share by 10 percent as early as the first year.

"The deal makes a lot of strategic sense for Atos. The implied acquisition multiple is of 8.75 times expected earnings (and) reflects a fair price, given similar deals in the United States," a Paris-based trader said.

Shares in Atos surged 7.2 percent, leading gains in the STOXX Europe 600 Technology sector, which was up 1.1 percent at 0830 GMT.

The FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,364.23 points, adding to a three percent rally on Thursday.   Continuación...