European Stocks Rise as Grifols Gains, BSkyB Sinks
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European stocks advanced, extending five weeks of gains, amid takeovers by health-care companies and better-than-forecast industrial output in China.
Grifols SA jumped 4.5 percent after agreeing to buy a unit from Novartis AG and Shire Plc climbed after saying it will acquire ViroPharma Inc. Lonmin Plc increased 3.9 percent as the world’s third-largest platinum producer returned to profit. British Sky Broadcasting Group Plc plunged the most in five years after BT Group Plc won the rights to broadcast UEFA Champions League and Europa League soccer games.