BUZZ-Halma: deal drives shares to 34-yr high
** UK engineering firm Halma (Frankfurt: 865047 - news) hits 34-year high after announcing deal to buy pipeline inspection equipment specialist Mini-Cam Enterprises
** Co says to pay initial cash consideration of 62 mln stg on a cash- and debt-free basis
** Co says acquisition is expected to be immediately earnings enhancing
** Investec (LSE: INVP.L - news) says business can be expected to fit very well into the water technologies cluster within Halma's Environmental & Analysis, with good market synergies; broker sticks with "buy" rating on Halma
** Investec says Halma still has plenty of firepower, and opportunities, to augment its organic growth
** Stock up 2.6 pct
(rahul.b.thomsonreuters.com@reuters.net)