(Bloomberg) -- Most U.S. stocks rose after Goldman
Sachs Group Inc. and TPG Inc. agreed to buy Alltel Corp. for
about $24.7 billion, extending this year's record pace of mergers
and acquisitions.
Alltel, the fifth-biggest U.S. wireless company, climbed to
an almost eight-year high after the $71.50-a-share offer. General
Electric Co. advanced after the world's second-largest company by
market value said it will boost its share buyback plan by as much
as $2 billion with proceeds from the $11.6 billion sale of its
plastics unit.
Read more at Bloomberg Stocks News
Sachs Group Inc. and TPG Inc. agreed to buy Alltel Corp. for
about $24.7 billion, extending this year's record pace of mergers
and acquisitions.
Alltel, the fifth-biggest U.S. wireless company, climbed to
an almost eight-year high after the $71.50-a-share offer. General
Electric Co. advanced after the world's second-largest company by
market value said it will boost its share buyback plan by as much
as $2 billion with proceeds from the $11.6 billion sale of its
plastics unit.
Read more at Bloomberg Stocks News
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