Monday, December 21, 2009

Stocks Up On Merger News

In M&A news, Sanofi-Aventis reported that it has agreed to acquire US healthcare firm Chattem Inc. for $1.9 billion.
The Dow Jones Industrial Average jumped 85 points (0.8%) to close at 10,414, the S&P 500 Index added 12 points (1.0%) to 1,118, while the Nasdaq Composite gained 26 points (1.2%) to 2,238. Crude oil was $0.38 lower at $73.72 per barrel, and the Bloomberg gold spot price fell $21.30 to $1,091.90 per ounce.

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