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Here are some of Tuesday’s big movers on European stock markets
Italy's second-largest telecom company Fastweb said Monday its board considers a 47 euros ($62.35) per share offer by Switzerland's largest telephone company Swisscom as fair and considers it a good development opportunity.
The Swiss National Bank raised interest rates by 25 basis points on Thursday and said more tightening was probably needed to secure price stability in the long term as the weak franc could push up inflation.
Here some of Tuesday's big movers on European stock markets: Cadbury Schweppes, Altana, Altadis, Alliance Boots, SABMiller, Lagardere and Swisscom.
Here some of Monday's big movers on European stock markets: Akzo Nobel, Alliance Boots, ICI,Swisscom and DSG International.
Swisscom, the former state telecommunications monopoly, said Monday it offered to buy Fastweb, Italy's second-largest fixed-line phone company, for 3.7 billion euros ($4.9 billion) to expand into the Mediterranean nation.
Swiss reinsurer Converium is looking for rival bidders to fend off Scor's hostile takeover attempt but has not yet received any firm offers, the company said on Friday.
Swiss luxury goods group Richemont said it would set up a joint venture with Polo Ralph Lauren to distribute watches and jewellery through shops of the U.S. company.
Swiss reinsurer Converium Holding sought shareholder support Wednesday to fend off a takeover bid by French competitor Scor, promising higher future profits and a share buyback should the company remain independent.