Takeovers Put Fuel in Stocks' Empty Tank

Monday, May 5, 2014

From the Wall Street Journal: The fastest start on record for corporate takeovers is providing fuel for a stock market stuck in low gear. U.S.-based companies this year have proposed or agreed to $637.95 billion worth of mergers or acquisitions-either as the buyer or the target-the most at this point since Dealogic started tracking these figures in 1995. That includes Pfizer Inc's $106 billion offer for AstraZeneca PLC, which rejected the offer.