UPDATE 1-European shares hover at 12-month high on Italy relief, trade optimism <!-- no image --> <div>* Osram rises after confirming takeover bid from Bain and Carlyle<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=a4XX_E2krr4:e3r1-vfb_Nw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=a4XX_E2krr4:e3r1-vfb_Nw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=a4XX_E2krr4:e3r1-vfb_Nw:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=a4XX_E2krr4:e3r1-vfb_Nw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=a4XX_E2krr4:e3r1-vfb_Nw:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/a4XX_E2krr4" height="1" width="1" alt=""></div> Posted by Reuters