(Bloomberg) -- South Korean stocks rose, set to
complete a sixth month of gains. Doosan Infracore Co. advanced
after Hyundai Securities Co. said the $4.9 billion acquisition of
an Ingersoll-Rand Co. unit will help the company expand into
developed markets.
``The acquisition will help it make inroads into markets like
the U.S.,'' said Cho Joon Hyuk, who helps manage $1.5 billion at
Nonghyup CA Asset Management in Seoul. ``Investors also like the
deal because the Doosan Group kept saying they were interested in
takeovers and product diversification, and now they're actually
showing us it's true.''
Read more at Bloomberg Stocks News
complete a sixth month of gains. Doosan Infracore Co. advanced
after Hyundai Securities Co. said the $4.9 billion acquisition of
an Ingersoll-Rand Co. unit will help the company expand into
developed markets.
``The acquisition will help it make inroads into markets like
the U.S.,'' said Cho Joon Hyuk, who helps manage $1.5 billion at
Nonghyup CA Asset Management in Seoul. ``Investors also like the
deal because the Doosan Group kept saying they were interested in
takeovers and product diversification, and now they're actually
showing us it's true.''
Read more at Bloomberg Stocks News
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