Here is a round-up of the news out of Europe:

Intesa  (ISP) confirmed a potential takeover bid for Generali (GEN - Get Report) . The news of the move extended Generali's three-day gains to 15%.

Tesco faces a fresh investor suit over a 2014 accounting scandal. The supermarket is already fighting a £100 million claim that was filed in October 2016.

Santander  (SAN - Get Report) posted fourth-quarter results well above expectations. The Spanish lender reported profits of €1.6 billion.

Novartis (NVS - Get Report) missed its fourth-quarter earnings estimate. The company is mulling a spinoff of its eye care unit Alcon.

Deutsche Bank's  (DB - Get Report) shares hit a 52-week high. Shares soared after speculation that the bank will sell its asset management unit.