(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 biggest U.S. construction-gear rental
company, and Arrow International Inc., a 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 biggest U.S. construction-gear rental
company, and Arrow International Inc., a medical-device maker,
also climbed after announcing plans to be purchased.
Read more at Bloomberg Stocks News
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