European Indexes Rally on M&A News

Telefonica's $17 billion bid for mobile telecom outfit O2 boosted sentiment

Major European equity indexes finished with substantial gains Monday, sparked by a number of M&A headlines. Chief among them: A bid by Spain's Telefonica (TEF ) for UK mobile communications outfit O2, in a deal worth some £17.7 billion. Strength in U.S. equities also lifted sentiment.

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