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Fri 12 Dec 2009Takeover rumours push up price of Irish Life
Iseq: 2,918.23 (+31.86)
IRISH LIFE Permanent had an eventful day following rumours of a possible takeover by insurance giant AXA. Having soared more than 20 per cent at one stage, the stock settled, with the market consensus that the rumour was unfounded and sources close to both companies rejecting the claim. Nonetheless, IL P outperformed the other two financial stocks, advancing 6 per cent to close at €3.50.
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