Europe shares rise as FedEx/TNT bid feeds M&A fever
* FTSEurofirst 300 ends 1.6 pct higher
* TNT up 28 pct after Fedex bid
* France's CAC, Italy's MIB, Spain's IBEX hit multi-year highs
By Francesco Canepa and Blaise Robinson
LONDON/PARIS, April 7 (Reuters) - European shares rose on Tuesday as FedEx's 4.4 billion euro ($4.8 billion) bid for Dutch package delivery firm TNT Express prompted a rally in the shares of other postal companies.
TNT stock jumped 28.1 percent, while PostNL -- TNT's largest shareholder -- surged 12.4 percent. PostNL has said it would sell its 14.7 percent stake to FedEx.
Royal Mail, Deutsche Post and Kuehne & Nagel gained 1.3-2.6 percent.
"The price seems fair based on our EVA (economic value added) acquisition model," analysts at ING wrote in a note, adding the deal could allow PostNL to pay a dividend in 2016.
Further evidence of corporate takeover activity came from French media group Vivendi's offer to buy Orange's video-sharing website Dailymotion. The two stocks gained 1.2 percent and 0.9 percent respectively. Continuación...