Tuesday, April 3, 2007

US shares edge up, helped by M&A deals

(Reuters) - U.S. stocks ended slightly higher on Monday as a new round of takeovers led by a $29 billion buyout bid for First Data Corp. fueled optimism about stock valuations, countering worries about the economy and turmoil in the housing market.

First Data, a credit-card and payment processor, said it had agreed to a buyout bid by private equity firm Kohlberg Kravis Roberts & Co.. Its stock was the top percentage gainer, up 20.6 percent, on the New York Stock Exchange.


Read more at Reuters Africa

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