Monday, May 21, 2007

U.S. Stock-Index Futures Climb; Alltel Gains on Takeover; Exxon Advances

(Bloomberg) -- U.S. stock-index futures rose after
Goldman Sachs Group Inc. and TPG Inc. agreed to buy Alltel Corp.
for about $24.7 billion in the largest leveraged buyout of a
telecommunications company.

Alltel, the fifth-biggest U.S. wireless company, climbed
after the $71.50 a share offer. Exxon Mobil Corp., the world's
largest publicly traded energy company, and ConocoPhillips, the
third-biggest U.S. oil producer, advanced after the price of
crude rose above $65 a barrel.


Read more at Bloomberg Stocks News

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