U.S. Stock-Index Futures Gain on M&A; GlobalSantaFe, Tellabs Shares Rise

(Bloomberg) -- U.S. stock-index futures gained
after the world's two largest offshore oil and gas drillers
said they would merge and United Rentals Inc., the biggest U.S.
construction-gear rental company, agreed to be bought.

Transocean Inc. and GlobalSantaFe Corp. gained after
announcing merger plans that will pay the companies'
shareholders a combined $15 billion in cash. United Rentals
jumped on a $6.6 billion takeover bid by Cerberus Capital
Management LP. Tellabs Inc., the maker of phone and Internet
equipment, climbed on a report that Nokia Siemens Networks may
bid $7 billion for the company.


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