In London, the FTSE 100 was quoted 20 per cent upside down 20 minutes after the start of trading, while in Paris the CAC 40 was a 0.3 per cent plus. In Frankfurt, the DAX was 0.1 per cent in the north-east.
Network company Ericsson The shares opened for a fall of about 4 percent on Monday after the company said it would buy Vonage for $ 6.2 billion. The premium paid by Ericsson was 28 percent compared to Friday’s closing price.
Vonage offers its cloud-based voice call service to businesses. The company had revenue of $ 1.25 billion last year. Operating income was $ 170 million, respectively.
Shares in telecom operator Telecom Italia rose 29 percent to € 0.42 when the company said it had received a takeover bid from US venture capitalist KKR. The purchase price, if realized, would be worth 33 billion euros, and would be the largest acquisition made by a private equity investor in Europe, according to the Financial Times.
An offer made in cash would be EUR 0.505 per share. This would mean a premium of 45% over Friday’s closing price.
Macro data from the United States will be available today when figures for the sale of old homes in October are released. At the same time, the euro area consumer confidence figures for November will also be available from November.
On Wednesday or Friday, the next Governor of the Fed will be heard. A new term will begin in February, and the election is likely to take place for the current CEO Jerome Powellin and a member of the Open Market Committee Lael Brainardin between, Nordea said in his morning review.
Source: Arvopaperi by www.arvopaperi.fi.
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