Rallying techs help European stocks bounce back

lunes 30 de marzo de 2015 04:15 GYT
 

* FTSEurofirst 300 up 1.2 pct, after losing 2 pct last week

* M&A among U.S. chipmakers sparks rebound in tech shares

* Lafarge drops as two Holcim shareholders reject revised deal

By Blaise Robinson

PARIS, March 30 (Reuters) - European stocks rose early on Monday, bouncing back from last week's losses with tech shares rallying after merger talks in the sector spurred a late-session rally on Wall Street on Friday.

Shares in Infineon, STMicroelectronics, ARM and ASML were up 2.3 percent to 3.2 percent.

U.S. tech stocks climbed on Friday after news that Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal likely to top $10 billion. Intel shares jumped 6.4 percent while Altera shares surged 28.4 percent.

Shares in French cement group Lafarge bucked the trend on Monday, down 2 percent after two shareholders of its Swiss merger partner Holcim appeared unhappy with revised deal terms that were designed to placate them. Holcim shares were up 0.3 percent.

Shares in Italy's World Duty Free sank 8.1 percent after Swiss group Dufry offered 10.25 euros a share to buy the travel retailer, below Friday's closing price. Dufry was up 4.4 percent.   Continuación...