Global markets are following the old saying Sell in May and go away. Britain’s general election and pessimism on Greek bailout talks are weighing on sentiment in Europe. British data center provider TeleCity Group plc gets a takeover approach from Equinix Inc. of Redwood City, Calif. that could value it at $3.5 billion. That’s bad news for TeleCity’s own takeover target Interxion, as that $4.5 billion merger, agreed in March, would likely no longer happen. Supermarket chain WM Morrison plc slides over 6% as sales fall again. Spanish oil company Repsol slides, despite better than expected earnings.
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