(Bloomberg) -- U.S. stocks gained after $35
billion in mergers and acquisitions allayed concern that this
year's record pace of takeovers would slow.
GlobalSantaFe Corp., the world's second-biggest offshore
oil and gas driller, advanced to a record after agreeing to be
acquired by larger rival Transocean Inc. for about $17 billion.
United Rentals Inc., the construction-gear rental company, and
Arrow International Inc., the medical-device maker, also
climbed after announcing plans to be purchased.
Read more at Bloomberg Stocks News
billion in mergers and acquisitions allayed concern that this
year's record pace of takeovers would slow.
GlobalSantaFe Corp., the world's second-biggest offshore
oil and gas driller, advanced to a record after agreeing to be
acquired by larger rival Transocean Inc. for about $17 billion.
United Rentals Inc., the construction-gear rental company, and
Arrow International Inc., the medical-device maker, also
climbed after announcing plans to be purchased.
Read more at Bloomberg Stocks News
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