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Glance-STOCKS NEWS EUROPE-Meetic rises after agrees acquisition
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13:22GMT 20feb2009-Meetic (Paris: FR0004063097 - news) surges after agrees acquisition
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Shares in France's Meetic, which is aiming to become Europe's
leading internet matchmaker by 2011, rise after it says it has signed a deal
with U.S. group IAC to buy the European dating and matchmaking activities of
Match.com.
'It is a good transaction for Meetic both financially and strategically,'
CM-CIC Securities analyst Jean-Pascal Brivady writes, reiterating his 'buy'
recommendation.
The stock is 13 percent higher at 15.50 euros at 1343 GMT, giving it a
market value of almost 260 million euros, after earlier rising as much as 23
percent. The stock is up 31 percent since the start of the year.
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