Markets Perk Up as Dealmaking Diverts Attention From Eurozone Weakness

TheStreet 1:42 mins

Markets in Europe and Asia were back in positive territory on Monday after last week’s fears over the health of Portugal’s Banco Espirito Santo were put to one side. Softbank Corp. will buy control of T-Mobile USA from its German parent Deutsche Telekom and merge T-Mobile with its existing U.S. business Sprint. Airbus takes flight as orders come in for aircraft kitted out with new environmentally friendly Rolls-royce engines. London-listed pharmaceuticals company Shire ready to recommend revised indicative offer from AbbVie of Chicago, which values the company at $53.75 billion. Shire’s share is up at over £50 – approaching the £53.2 that AbbVie’s cash and shares offer implies. Switzerland’s Lindt buys Russell Stover Candies. Eurozone industrial production falls 1.1% in May.

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