 |  | Pirelli deflates peak IPO valuation by 19 percent: document |  | MILAN (Reuters) - Italian tiremaker Pirelli has lowered the maximum valuation it can achieve in its initial public offering by 19 percent to 6.7 billion euros ($7.9 billion), a notice to investors reviewed by Reuters showed on Wednesday. | |  |  |  | Britain's Carillion lifted by Middle East bid report |  | (Reuters) - Takeover speculation drove Carillion shares almost 20 percent higher on Wednesday after a London newspaper reported that a Middle Eastern firm was preparing a bid for the struggling construction and support services company. | |  | |  |  | |  |  | Related Video | |  | |  | |  |  |  | Related News | |  | |  | |  |  |  |  |  | Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today |  | |  |  |  | Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today |  | |  | » » MORE NEWSLETTERS |  | |