January 4, 2011 / 10:49 AM / 10 years ago

STOCKS NEWS EUROPE-ICT Automatisering up on takeover talk

Shares in ICT Automatisering (ICTA.AS) are up more than 6 percent on talk that the Dutch software developer could be a takeover target.

“ICT’s stock is up on rumours out of the U.K.” said Hedy Talens, trader at AEK in Amsterdam.

“A U.K. company three times bigger than ICT is said to be interested in taking over ICT.”

ICT, which has a stock market value of about 48 million euros, could not be immediately reached for comment.

Reuters Messaging rm://sara.webb.reuters.com@reuters.net

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