(Bloomberg) -- U.S. stocks advanced after billionaire investor Edward Lampert said he bought an $800 million stake in Citigroup Inc. and more companies agreed to be acquired.
Bausch & Lomb Inc. rallied to a 14-month high as a private equity firm said it will buy the maker of contact lenses, while Agile Software Corp. jumped on Oracle Corp.'s plan to purchase the company. A larger-than-forecast rebound in industrial production contributed to the stock market's gain.
Read more at Bloomberg Stocks News
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