24.10.2016 18:39:44

Stocks In The Green Amid Merger Mania -- US Commentary

(RTTNews) - U.S. stocks were higher Monday afternoon, with all of the major average in positive territory amid a flurry of activity on the merger-and-acquisition front.

Shares of B/E Aerospace (BEAV) have moved sharply higher after the company agreed to be acquired by Rockwell Collins (COL) in a deal valued at $6.4 billion.

TMobile shares rose 6 percent on strong earnings.

TD Ameritrade and TD Bank announced a deal to buy Scottrade. TD Ameritrade was down 3 percent.

Media Time Warner (TWX) also agreed to be bought by AT&T (T) for more than $85 billion, while Genworth Financial (GNW) agreed to be acquired by China Oceanwide Holdings for $2.7 billion.

Traders are also digesting the latest batch of quarterly results as the earnings season to pick up steam.

The pan-European Stoxx Europe 600 index advanced 0.03 percent. The Euro Stoxx 50 index of eurozone bluechip stocks increased 0.53 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, lost 0.01 percent.

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