STOCKS NEWS EUROPE-TA Triumph-Adler rockets; Kyocera makes bid

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09:51GMT 18Nov2008-TA Triumph-Adler rockets; Kyocera makes bid

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Shares in German office technology company TA Triumph-Adler (TWNG.DE) soar 147.2 percent, after Japanese major shareholder Kyocera (6971.T) says it offers 1.90 euros ($2.40) per share for the company in a voluntary public takeover offer.

"At first glance, the offer appears attractive. We expect however more details from the bidding documents as soon as they are published," Equinet analysts write in a note.

The shares closed at 0.720 euros on Monday, and are up at 1.78 euros at 0951 GMT.

"For the time-being, we set our recommendation and our target price under review," they add.

Most recently, Kyocera held nearly 30 percent in the company. For more double click on [ID:nWEB1760]