(Bloomberg) -- More than $40 billion of takeovers
extended the stock market's seven-week rally and helped the
Standard & Poor's 500 Index flirt with a record on an
accelerating pace of acquisitions.
Alltel Corp. climbed to a seven-year high after Goldman
Sachs Group Inc. and TPG Inc. agreed to buy the fifth-biggest
U.S. wireless company for $24.7 billion. Amazon.com Inc., the
world's biggest online retailer, gained the most in the S&P 500
after Citigroup Investment Research raised its price forecast.
Read more at Bloomberg Stocks News
extended the stock market's seven-week rally and helped the
Standard & Poor's 500 Index flirt with a record on an
accelerating pace of acquisitions.
Alltel Corp. climbed to a seven-year high after Goldman
Sachs Group Inc. and TPG Inc. agreed to buy the fifth-biggest
U.S. wireless company for $24.7 billion. Amazon.com Inc., the
world's biggest online retailer, gained the most in the S&P 500
after Citigroup Investment Research raised its price forecast.
Read more at Bloomberg Stocks News
No comments:
Post a Comment