European Movers: Suez, VW, OCE

Plus more European stocks maing headlines in Monday's market


SCOTTISH & NEWCASTLE was up £0.04 to £7.39... Current trading in line - The company says is trading in line with expectations. Also reiterates that the £7.80/sh offer from Carlsberg and Heineken undervalues the company and calls for transparency on BBH. The company could return several billion pounds to shareholders through asset disposals if it escapes the clutches of Carlsberg and Heineken, The Times writes. The Sunday Times reported that US brewer Anheuser-Busch has approached the company about helping it in any bid for full control of BBH. Adds that the company has received approaches from Blackstone and Texas Pacific Group. Russia-based BBH, a 50/50 j/v between Carlsberg and the company , is key to the takeover fight because of a so-called 'shotgun' clause attached to BBH.

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