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European Stocks Close Little Changed; Zodiac Gains, Valeo Drops

European stocks closed little changed after three weeks of declines for the Stoxx Europe 600 Index as a resurgence of takeover activity offset a retreat in auto-industry shares.

Zodiac Aerospace SA jumped 10 percent after La Tribune reported that Safran SA is preparing another bid for Europe’s biggest maker of airplane seats. Sanofi-Aventis SA advanced after offering to buy Genzyme Corp. for about $18.5 billion. Valeo SA slid 2.4 percent after a report that France’s second-largest auto-parts maker expects a slowdown in demand at the end of this year.