1
 In a sign 
5001
span

2
the stock slump hasn't quieted Europe's takeover fever,
1
elaboration-object-attribute-e

3
 Cie. Financiere de Paribas said
5002
Same-Unit

4
 it intends to bid for one of France's other large financial and industrial holding companies, Cie. de Navigation Mixte.
5003
span

5
 Paribas said
6
attribution

6
 that 
5005
span

7
once it receives the go-ahead from French stock market authorities,
8
circumstance

8
 it will offer to boost its Navigation Mixte stake to 66.7% from the current 18.7%.
5006
span

9
 Its cash-or-shares bid values Navigation Mixte at about 22.82 billion francs
5009
span

10
 ($3.62 billion),
9
restatement-e

11
 making this one of France's largest-ever attempted takeovers.
5009
cause

12
 The cost
5012
span

13
 of buying the additional 48% stake 
12
elaboration-object-attribute-e

14
would be 10.95 billion francs 
5014
span

15
($1.74 billion).
14
restatement-e

16
 The move would greatly boost Paribas's stake in the insurance, transport and food businesses, 
5016
span

17
where Navigation Mixte is strong.
16
elaboration-additional-e

18
 It also would make Paribas a major French ally of West Germany's Allianz AG insurance group.
5017
List

19
 Allianz holds a 50% stake in Navigation Mixte's insurance interests, 
5019
span

20
acquired three weeks ago.
19
elaboration-additional-e

21
 Those include Rhin et Moselle Vie and Via Assurances.
5019
example

22
 Long considered a potential takeover target,
5023
background

23
 Navigation Mixte had hoped 
24
attribution

24
Allianz would help protect it from raiders.
5023
span

25
 That idea may have backfired.
5025
span

26
 Paribas is Allianz's main French bank, 
5026
List

27
and the Munich-based group said 
28
attribution

28
it intends to stay neutral.
5027
span

29
 Navigation Mixte said 
5030
attribution

30
it wouldn't have any comment 
5030
span

31
until its board meets Wednesday.
30
circumstance

32
 But Navigation Mixte is loosely held and hard to defend.
5032
span

33
 The defensive options are limited, 
5033
span

34
says Philippe Braye, a partner in portfolio management concern France Finance Quatre.
33
attribution

35
 Who would bid against Paribas?
5033
rhetorical-question

36
 If the Paribas bid succeeds, 
5037
condition

37
it will be the second time in two months 
5037
span

38
a big French investment banking group has snapped up an insurance group.
37
elaboration-object-attribute-e

39
 Last month, Paribas's archrival, Cie. Financiere de Suez, won a battle for Groupe Victoire, France's second-largest private-sector insurer, 
5039
span

40
which itself had just acquired West Germany's Colonia Versicherung AG.
39
elaboration-additional-e

41
 That complex bid was billed as France's largest takeover ever 
5041
span

42
(this one is slightly smaller).
41
comparison

43
 Moreover, Suez had just finished winning an even larger battle last year for control of Societe Generale de Belgique.
5040
elaboration-additional

44
 Paribas officials,
5044
span

45
 once considered France's toughest bankers, 
44
elaboration-additional-e

46
felt abashed at Suez's success and its rapid growth.
5045
Same-Unit

47
 Although Paribas denies it,
5048
antithesis

48
 analysts say 
49
attribution

49
the new bid in part simply reflects the continuing rivalry between France's two largest investment banking groups.
5048
span

50
 It also reflects the broader pressure on companies in Europe 
5050
span

51
to keep up
50
elaboration-object-attribute-e

52
 as the European Community prepares to reduce internal trade barriers by 1992.
5050
circumstance

53
 Although Paribas Chairman Michel Francois-Poncet wouldn't rule out eventually selling all of Navigation Mixte's insurance operations to Allianz, 
5054
antithesis

54
he stressed the potential 
5054
span

55
for the two groups instead to cooperate. 
54
elaboration-object-attribute-e

56
 He also told reporters
5057
attribution

57
 the acquisition would give Paribas fresh diversity, 
5057
span

58
bringing it properties in food and transport 
5058
span

59
where it has been weak.
58
elaboration-additional-e

60
 Navigation Mixte has investments in a sugar company, a food and canning concern, a bakery and bus and trucking firms, among others.
5056
circumstance

61
 And Navigation Mixte has a huge hidden attraction.
5061
span

62
 Payment by Allianz for the insurance interests
5062
span

63
 it has just bought 
62
elaboration-object-attribute-e

64
will help swell the French concern's treasury to an estimated 11 billion francs.
5063
Same-Unit

65
 Paribas said 
5067
attribution

66
it will bid 1,850 francs a share for Navigation Mixte shares 
5066
span

67
that qualify for a full yearly dividend, 
66
elaboration-object-attribute-e

68
and 1,800 francs for those 
5068
span

69
created July 1, 
68
elaboration-object-attribute-e

70
which are eligible for partial dividends. 
5068
elaboration-additional-e

71
Alternatively, it said 
72
attribution

72
it would offer three Paribas shares, themselves eligible for dividends as of next Jan. 1, for one Navigation Mixte share.
5071
span

73
 Paribas shares closed down 30 francs at 610 francs, 
5073
List

74
and Navigation Mixte shares were suspended at 1,800 francs
5074
span

75
 pending the outcome of the bid.
74
elaboration-additional-e

76
 Paribas said 
5077
attribution

77
it would publish details of its bid 
5077
span

78
once authorities clear it.
77
circumstance

79
 This is one of the first bids under new takeover rules 
5079
span

80
aimed at encouraging open bids instead of gradual accumulation of large stakes.
79
elaboration-object-attribute-e

81
 Some financial sources said privately 
5082
attribution

82
that Paribas blundered 
5081
span

83
in failing to move sooner for the insurance and industrial group, 
82
circumstance

84
bidding 
5083
span

85
only after speculation had pushed up the price.
84
circumstance

86
 Mr. Francois-Poncet responded 
5086
attribution

87
that his group initially intended to take only a minority stake,
5086
span

88
 striking an alliance with current management.
87
purpose

89
 When notoriously independent-minded Navigation Mixte Chairman Marc Fournier rejected Paribas's offer
5088
List

90
 and began buying Paribas shares in retaliation, 
5088
List

91
Mr. Francois-Poncet said, 
5088
attribution

92
he felt obliged to bid for control. 
5090
span

93
He told reporters 
5093
attribution

94
he had information 
5093
span

95
that Mr. Fournier was preparing to buy as much as 20% of Paribas, up from less than 5% currently.
94
elaboration-object-attribute-e

96
 A bid against Paribas couldn't be ruled out.
5095
span

97
 France's second-largest government-owned insurance company, Assurances Generales de France, has been building its own Navigation Mixte stake, 
5096
span

98
currently thought to be between 8% and 10%.
97
elaboration-additional-e

99
 Analysts said 
5100
attribution

100
they don't think 
101
attribution-n

101
it is contemplating a takeover, however,
5099
span

102
 and its officials couldn't be reached. 
5100
List

5001
span
5002
Same-Unit

5002
multinuc
4
attribution

5003
span
5004
span

5004
span



5005
span
5006
attribution

5006
span
5007
span

5007
span
5008
span

5008
span
5015
span

5009
span
5010
span

5010
span
5011
span

5011
span
5007
elaboration-additional

5012
span
5013
Same-Unit

5013
multinuc
5010
elaboration-additional

5014
span
5013
Same-Unit

5015
span
5018
span

5016
span
5017
List

5017
multinuc
5008
elaboration-additional

5018
span
5035
span

5019
span
5020
span

5020
span
5021
span

5021
span
5015
background

5022
span
5025
concession

5023
span
5022
span

5024
span
5020
circumstance

5025
span
5024
span

5026
multinuc
5028
span

5027
span
5026
List

5028
span
5032
concession

5029
span
5026
elaboration-additional

5030
span
5029
span

5031
span
25
explanation-argumentative

5032
span
5031
span

5033
span
5034
span

5034
span
32
explanation-argumentative

5035
span
5060
Topic-Drift

5036
span
5038
span

5037
span
5036
span

5038
span
5018
interpretation-s

5039
span
5040
span

5040
span
5042
span

5041
span
5039
elaboration-additional

5042
span
5043
span

5043
span
5046
span

5044
span
5045
Same-Unit

5045
multinuc
5042
elaboration-additional

5046
span
5036
circumstance

5047
span
5049
List

5048
span
5047
span

5049
multinuc
5052
span

5050
span
5051
span

5051
span
5049
List

5052
span
5043
elaboration-additional

5053
span
5055
span

5054
span
5053
span

5055
span
5049
elaboration-additional

5056
span
5059
span

5057
span
5056
span

5058
span
57
means

5059
span
5053
elaboration-additional

5060
multinuc
5003
summary-n

5061
span
5064
span

5062
span
5063
Same-Unit

5063
multinuc
61
elaboration-general-specific

5064
span
5060
Topic-Drift

5065
span
5070
Otherwise

5066
span
5067
Same-Unit

5067
multinuc
5065
span

5068
span
5069
span

5069
span
5067
Same-Unit

5070
multinuc
5072
span

5071
span
5070
Otherwise

5072
span
5075
span

5073
multinuc
5070
elaboration-additional

5074
span
5073
List

5075
span
5061
elaboration-additional

5076
span
5078
span

5077
span
5076
span

5078
span
5072
elaboration-additional

5079
span
5076
elaboration-additional

5080
span
5084
Statement-Response

5081
span
5082
span

5082
span
5080
span

5083
span
5081
means

5084
multinuc
5094
span

5085
span
5087
span

5086
span
5085
span

5087
span
5084
Statement-Response

5088
multinuc
5089
span

5089
span
92
circumstance

5090
span
5091
span

5091
span
5085
elaboration-additional

5092
span
5090
elaboration-additional

5093
span
5092
span

5094
span
5060
Topic-Drift

5095
span
5084
elaboration-additional

5096
span
5097
span

5097
span
96
explanation-argumentative

5098
span
5096
explanation-argumentative

5099
span
5100
List

5100
multinuc
5098
span

