Generali shares surge after Intesa stock purchase

Shares in Generali continued to surge on Tuesday after a stock
market manoeuvre by the Trieste-based company on Monday appeared to
lend credence to the latest round of bid speculation.
Generali disclosed late on Monday that it had bought a 3.01
percent stake, or 505 million shares, in Italian bank Intesa
Sanpaolo through a securities lending transaction. The holding was
worth EUR1.2bn ($1.29bn) based on Monday's closing price.
Generali shares were up 7.8 percent at EUR 15.37 at around
10.25am...