Saturday, May 26, 2007

Wall St closes up as Nasdaq, Coke spur M&A optimism

(Reuters) - U.S. stocks rose on Friday as takeover news, including Nasdaq's plan to buy Nordic exchange company OMX, boosted investor optimism, although trading was light ahead of a long holiday weekend.

Nasdaq Stock Market Inc.'s planned $3.7 billion acquisition of OMX would give the second-largest U.S. stock exchange a platform to expand in Europe, following a series of mergers in the sector.


Read more at Reuters Africa

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