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Testing equipment group Intertek has also received some broker support.
The medical equipment group is leading the FTSE 100 risers, up 15.5p to 566p.
Testing equipment group Intertek fell 39p to £32.35 as its shares went ex-dividend.
Leading the mid-cap risers was telecoms testing equipment group Spirent Communications.
Intertek was the biggest faller in the leading index, down 100p at £28.79 after Berenberg downgraded the testing equipment group.
Last week, there were even bigger protest votes at oil giant BP and medical equipment group Smith & Nephew.
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The ammunition business, part of Blount's sporting-equipment group, makes small-caliber bullets and other products.
On May 18th, it emerged that Alcatel, a big French telecoms-equipment group, had reopened multi-billion dollar merger talks with Lucent, a struggling American rival.
The group has expanded its empire across the ex-communist states of the region, although with mixed financial results, and created opportunities for Intracom, the Greek electronics and digital-equipment group which is OTE's main supplier.
Last month, Mr Welch agreed to pay $43 billion for Honeywell, an aerospace and industrial-equipment group, and at the Honeywell board's request—agreed to stay on until the end of 2001, nine months longer than planned.
In Italy, Olivetti, an electrical-equipment group bidding for Telecom Italia, failed to make an offer either for non-voting shares in the company or for minority shares in its 60%-owned mobile-phone subsidiary.All of these practices would have been impossible under Britain's long-established non-statutory takeover code.
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