Europe shares rise as FedEx/TNT bid feeds M&A fever
* FTSEurofirst 300 up 1 pct in early trade
* France's CAC, Italy's MIB, Spain's IBEX hit multi-year highs
* Euro zone manufacturing data boosts sentiment
By Blaise Robinson and Sudip Kar-Gupta
PARIS/LONDON, April 7 (Reuters) - European shares rose in early trading on Tuesday, as FedEx's 4.4 billion euro ($4.8 billion) bid for Dutch package delivery firm TNT Express sparked a rally in the shares of other courier companies.
TNT stock jumped 31 percent, while PostNL - TNT's largest shareholder, which has said it would tender its 14.7 percent stake to the FedEx offer - surged 13 percent, while Royal Mail, Deutsche Post and Kuehne & Nagel gained 1.4-1.7 percent.
Signs that corporate takeover activity was on the rise were also highlighted by French media group Vivendi's offer to buy Orange's video-sharing website Dailymotion, with the two stocks gaining 1.1 percent and 0.8 percent respectively.
Greek shares also rose as investors welcomed a move over the weekend by Athens' government to calm concerns that the country might default on a loan. Greece's benchmark Athex General Composite Share Index (ATG) rose 1.5 percent while the Greek banking index advanced 2.7 percent.
On Sunday, Greek Finance Minister Yanis Varoufakis said Athens "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week. Continuación...