Monday, July 16, 2007

Australian Stocks Climb, Led by Paladin Resources on Takeover Speculation

(Bloomberg) -- Australian stocks rose, led by Paladin
Resources Ltd. after the Australian Financial Review reported the
uranium explorer may be the subject of a takeover bid from
Canadian rival Cameco Corp.

The S&P/ASX 200 Index added 7.40, or 0.1 percent, to 6388.30
as at 10:34 a.m. in Sydney. About the same number of shares rose
and fell.


Read more at Bloomberg Stocks News

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