Europe Stocks Rise to Six-Year High on Dealmaking; Scania Gains
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European stocks advanced to a six-year high as companies from Scania AB to Dixons Retail Plc rallied amid heightened mergers-and-acquisitions activity, outweighing a drop in HSBC Holdings Plc which posted worse-than-estimated profit.
Scania soared to its highest price since July 2007 after Volkswagen AG offered to buy the remaining stake in the Swedish truckmaker for 6.7 billion euros ($9.2 billion). Dixons jumped