Monday, May 21, 2007

Most U.S. Stocks Climb on Takeovers; General Electric, Exxon Mobil Advance

(Bloomberg) -- Most U.S. stocks rose, extending a
seven-week advance, after $43.2 billion of announced deals added
to this year's record pace of mergers and acquisitions.

General Electric Co., Exxon Mobil Corp. and Merck & Co.
briefly led the S&P 500 above its March 24, 2000, peak. Alltel
Corp. rallied to its highest in almost eight years after Goldman
Sachs Group Inc. and TPG Inc. agreed to buy the fifth-biggest
U.S. wireless company for $24.7 billion.


Read more at Bloomberg Stocks News

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