Tuesday, April 3, 2007

Shares set to rise, M&A activity supports

(Reuters) - "The wave of takeover activity continuous and that supports the market," said Roland Hirschmueller, trader in U.S. shares at German brokerage Baader, pointing to a $26 billion buyout bid for First Data Corp. .

The credit-card and payment processor First Data said on Monday it had agreed to a buyout bid by private equity firm Kohlberg Kravis Roberts & Co. .


Read more at Reuters.com Business News

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