(Bloomberg) -- U.S. stocks climbed and the Standard &
Poor's 500 Index rose above its highest close after Goldman Sachs
Group Inc. and TPG Inc. agreed to buy Alltel Corp. for about
$24.7 billion, extending this year's record pace of mergers and
acquisitions.
Alltel, the fifth-biggest U.S. wireless company, rallied to
its highest in almost eight years and was the best performer in
the S&P 500 after the $71.50-a-share offer. General Electric Co.
advanced after the world's second-largest company by market value
said it will boost its share buyback plan by as much as $2
billion with proceeds from the sale of its plastics unit.
Read more at Bloomberg Stocks News
Poor's 500 Index rose above its highest close after Goldman Sachs
Group Inc. and TPG Inc. agreed to buy Alltel Corp. for about
$24.7 billion, extending this year's record pace of mergers and
acquisitions.
Alltel, the fifth-biggest U.S. wireless company, rallied to
its highest in almost eight years and was the best performer in
the S&P 500 after the $71.50-a-share offer. General Electric Co.
advanced after the world's second-largest company by market value
said it will boost its share buyback plan by as much as $2
billion with proceeds from the sale of its plastics unit.
Read more at Bloomberg Stocks News
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