European Chemical Stocks, ICI Rally on Bid; Sainsbury Gains, Pearson Falls

(Bloomberg) -- European chemical makers gained after
Akzo Nobel NV made an offer for Imperial Chemical Industries Plc,
fueling speculation of more acquisitions in the industry.

Sainsbury Plc rose on a report that a Qatar-backed
investment group is considering making a bid for the supermarket
chain. Pearson Plc fell after the Wall Street Journal said the
company was in talks with General Electric Co. to make a joint
offer for Dow Jones & Co.


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